The Breakdown with Richard Eskow: Conversation with David Dayen, Firedoglake, 4/14/12

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Richard Eskow talks with David Dayen, senior writer at Firedoglake, about progress and lock of progress in the foreclosure and housing crisis. Dayen explains why the 50 states' mortgage fraud settlement was a raw deal for homeowners, taxpayers and consumers--and had goodies for Wall St. to boot. Dayen also predicts that embattled FHFA head will ultimately agree to principal reduction on some underwater mortgages, but will do it in such a limited way it has no major impact on the depressed housing market.

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