Editor’s Note: It’s not final but it looks like Ireland is going to do pretty much the same thing that Iceland did, except this one is based upon the heart of the crisis — housing and bad mortgages, falsely presented to lenders and borrowers alike. The answer? Reduction in the balance due on mortgages that […]

Tags: appraisal fraud, correction of principal, ICELAND, Ireland, reduction of principal, underwriting
Posted in bubble, Corruption, Eviction, securities fraud |