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"Rampant," and "Escalating" Mortgage Fraud.



July 08, 2009 – Comments (2)

Read this at Calculated Risk. But only if you want to feel sick to your stomach.

2 Comments – Post Your Own

#1) On July 08, 2009 at 5:00 PM, Entrepreneur58 (38.09) wrote:

Sounds just like the Great Depression.   After the stock market crashed, a lot of wealthy people were wiped out, but they kept borrowing money to support their lifestyle and the banks were dumb enough to lend them the money on only their reputation.

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