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How Hombuilders Ripped You Off (in just a few pictures)

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November 16, 2009 – Comments (5)

I've already pointed you toward a nice article that shows how 98 U.S. Senators and the vast majority of U.S. reps voted to hand billions of dollars toward the crooked homebuilders who helped inflate the housing bubble. Review the handouts here.

Now, take a look at how the insiders at these homebuilders absolutely fleeced shareholders during the good times by dumping billions worth of shares.

Send this link to your Senators, and ask them why they think the very guys who profited from the bubble, and dumped the problems in our laps, should see their lousy companies get a huge government handout. Need we mention that Beazer's CEO just got a Wells notice from the SEC? Or that these same crumb bumbs (who are getting a $50 million taxpayer handout) settled with the SEC previously on accounting irregularities?

Take a look at the stock dumping by insiders at Beazer as well as Lennar, Pulte, Hovnanian, Tol Brothers, and KB Home.

Sj

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5 Comments – Post Your Own

#1) On November 16, 2009 at 10:30 AM, TMFBent (99.81) wrote:

Let's see if we can hack the big pics into the comments.

All from secform4.com. Visit and see the skany homebuilders for yourself.

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#2) On November 16, 2009 at 11:25 AM, dickseacup (67.06) wrote:

Why ask the legislators you (rightly) identify as being complicit in the scheme to justify anything? They should be gone. Vote third party.

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#3) On November 16, 2009 at 11:47 AM, djkumquat (50.60) wrote:

dickseacup is right - elections are a year away. third parties never looked better!

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#4) On November 16, 2009 at 12:02 PM, ByrneShill (76.36) wrote:

My new goal in life is to become a sleazy CEO and (legally) run with the money.

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#5) On December 02, 2009 at 2:23 AM, LemonMeister (< 20) wrote:

Make sure you view my site http://www.akbhomesucks.com don't forget us smucks who bought KB Homes. I'm number 1 on Google for "KB Home Sucks" and we look forward to Bruce Karatz sentencing next year. I have the complete list of Senators and Representatives that either tried to help us or ignored us completely with our KB Home Sucks issues. Most passed the buck. It's time for a complete overhaul and the aides (aka idiots) that work for them. The aides will be taking over these offices in a few legislatures. Thanks for keeping these homebuilders feet in the fire. No tax credits to homebuilders without new LEMON laws. How dare our elected officials give it $$$away with no strings. One of the smucks amongst all who live in America.

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