3 comments

• Comment Link Friday, July 10 2009 14:11 posted by Bob

  Fred, Fred, Fred. Did you just fall off the turnip truck? Do you have any clue at all of how our system here in the USA compares with the pervasive corruption throughout virtually every European, Asian, Russian, South and Latin-American, and African nation? the worst of our greed and graft are laughably minor by comparison. It's the nature of the human species, fear, greed, and envy are the fabric of all societies, so get over it. Do-gooders can never make more than a dent in the lesser nature of man; not that they shouldn't try, but in the end, it's up to the individual to be responsible for themselves, which means to read the fine print. the only surprise here is that the banks and lenders themselves aren't also indicted as willing co-conspiritors rather than being treated as though they somehow "didn't know" and were (oh no!) decieved. JMO-YMMV
• Comment Link Tuesday, June 30 2009 20:51 posted by Fred

  Where else but in America can you steal $30million dollars and get 46 months in prison and only pay $5.9M to the victims? The US real estate market is full of fraudsters, con artists and swindlers. Each new case reported is just the 'tip of the iceberg' of the true reality of the dilemna. A few less 'professionals' such as these is what this world needs most. Bank robbers who get away with almost nothing ,in comparison, receive sentences much heavier than mortgage fraudsters. This story is not 3 or 4 people stealing $30M. Every facet of the process is corrupt and organized in perpetrating real estate fraud. So, there are many other key players in the scheme who are not charged or reported on. Banks obviously do not read the contracts they are submitted or they are just as guilty as the rest of them. The USA is a SCAM.
• Comment Link Tuesday, June 30 2009 14:18 posted by Stephen

  A few less "Professionals" to destroy the world economy.