As noted two months ago on my posterous site – Foreclosure Fraud Reveals Structural & Legal Crisis … Sooo …. what the F do we do now?, Rob this morning discovers that Congress has been holding hearings about how broken the system of foreclosures is.

Happy reading.

Short story – (and this is what I tell my clients): nobody knows exactly what happened, what’s happening and what 18 months will bring. If anyone says otherwise, they’re probably lying or are trying to sell you something.