The Takeaway didn't help me understand the significance of this story at all.

I did have an understanding of the phony "robo-signing" controversy. In which the banks really did take liberties with sound legal procedure by having mortgage officers sign mass affidavits without really knowing what was in them. But the simple fact was, in virtually all cases, the homeowners really were in default on their mortgages. There were so many defaults and foreclosures, bank personnel were swamped with all of the foreclosure paperwork. It was a mistake, to be sure, for banks to engage in robo-signing. But it was the most highly technical of "frauds." The banks were not throwing people who were current on their mortgages out on the street by mistake or carelessness.

Now if that is all that this new lawsuit is about, then it is garbage. But The Takeaway didn't even attmept to explain that.

Nor did The Takeaway bother with any of the linkage between the political fates of Massachusetts Democrats Martha Coakley, Barney Frank or Elizabeth Warren, all of whom have been trying to use these matters for partisan advantage in past and future elections.

"Post bailout" investigations ignore the actions of government regulators and progressive politicians who were profoundly involved in the housing bubble and also demonstrated shameless political populism after her recent high profile Senatorial defeat....which goes totally unmentioned in the discussion.

This lawsuit is about all about advancing progressive politics and nothing about helping citizens which is exactly what led to the housing crisis to begin with.
Any timing connection of this legal show to Rep. Frank's retirement?

A sign at the Occupy Wall Street demonstration read "If corporations are people, why aren't there corporations in jail?"

If you think about it, a more evil Bernie Maddoff can use the structure of a corporation to do all sorts of bad things to our economic system deliberately and never see the inside of a cell. At the most this individual can redirect blame to an underling. "Joe Q Incorporated" can deliberately poison water and food sources, bankrupt towns and small cities, and make unsafe or lethal products and through paperwork the architects of these actions have a good probability of never getting caught and tried as a criminals.

Is Mass a bit too late with this lawsuit?