Over 400 indicted for mortgage fraud

[evince]

http://biz.yahoo.com/ap/080619/mortgage_fraud.html

Now if it was all the little guys fault why are over 400 industry people indicted?


More than 400 real estate industry players have been indicted since March -- including dozens over the last two days -- in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis

 

[uscitizen]

Yep let the industry regulate itself.
I wonder how many suffered because of their fraud ?

 

[evince]

Just a shame that Phil Gramm got the law passed to aid all these criminals in their deception.

I wonder what else he would do if given the power of an appointment and the presidents ear.