David Dayen is as on top of the bank-fraud mortgage-fraud mess as anyone in the country. And this conversation between Dayen and Digby (an able interviewer) is as good an explanation of the rule of law aspect of this problem facing Obama and the legal system (both) as I've heard.
It's cogent and very listenable, despite the technical nature of the problem. Dayen is good on this subject, and I'm glad to present his walk-through. Thanks also to Jay Ackroyd and the good people at Virtually Speaking for bringing it to us.
Note that while this is a one-hour segment, the mortgage discussion lasts only till the midway point. The rest is about the War on Women, also good, but if you came for the mortgage discussion only, feel free to stop there.
(Hint: Holding down the right and left arrow keys performs an excellent fast-forward and fast-rewind. Use them for navigation.)
For more on this topic, see here from Rachel Maddow, and this, our own primer on the fraudulent mess.
(To follow on Twitter or to send links: @Gaius_Publius)