Most stories about the mortgage crisis begin with the idea that people were induced to buy homes they could not afford. This is mostly incorrect. The reason for the meltdown is that people were induced to “buy” mortgages they could not afford — when in fact they qualified for mortgages they could afford and would […]

Tags: CDO, fraud, meltdown, Mortgage, securities fraud, yield spread premium
Posted in Corruption, Eviction, securities fraud |

Another friend from long ago has admitted his guilt. He used his office of trust, his service to the public, as a launching platform for satisfaction of yearnings that live as demons feeding on his soul. He’ll spend some time in prison, contemplating the nature of his actions and evaluating whether it was worth it. […]

Tags: CORRUPTION, EVASIVE, Honesty, POLITICAL TRACTION, TRUTH
Posted in Corruption |