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Re: F6 post# 72111

Wednesday, 05/13/2009 10:46:43 AM

Wednesday, May 13, 2009 10:46:43 AM

Post# of 483875
ROAD TO RUIN: Mortgage Fraud Scandal Brewing

American News Project
May 11, 2009

Criminal fraud may be the most underreported aspect of our current financial crisis. In this "Road to Ruin" report, former subprime lenders from Ameriquest, once the country's largest lender, describe a system rife with fraud. They describe how a "by-any-means-necessary" policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

[with comments]
[also, with video embedded, at http://www.huffingtonpost.com/2009/05/12/road-to-ruin-mortgage-fra_n_202016.html (with comments)]


Greensburg, KS - 5/4/07

"Eternal vigilance is the price of Liberty."
from John Philpot Curran, Speech
upon the Right of Election, 1790

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