Wanker of the Day

David Streitfeld, a reporter for the New York Times just released an article
claiming a 62 year backlog of foreclosures.

The problem is that the story is based on fairly bogus stats, and the source of the stats, and for that matter, the source of pretty much the entire story, is Lender Processing Services (LPS), which is currently the target of multiple lawsuits, for defrauding investors, and (literally!!!!) having a price sheet on the web for forged documents through its DocX subsidiary (some background here)

So, this guy took a press release from what is allegedly one of the most corrupt and criminal organizations involved in the mortgage mess and phoned in an article.

Time for a blogger ethics panel.

H/t Naked Capitalism.