Reporter Michael Hudson Talks Mortgage Fraud on KCBX

Michael discusses annual FBI report

Host Guy Rathbon interviews Hudson on the FBI's annual mortgage fraud report that fails to mention big banks."There is still a lot culpability in large national institutions in committing fraud, condoning fraud and allowing fraud to happen," said Hudson.

They also discuss the concept that "too big to fail" has become "too big to jail" when it comes to large banks and their roll in mortgage deception.

Hudson is the author of The Monster: How a gang of predatory lenders and Walls Street bankers fleeced America -- and spawned a global crisis.

Read the ongoing iWatch News series on debt deception here.

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