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