$18,000 shack

[Don Quixote]

this sub-prime mess is just incredible


A $103,000 mortgage on an $18,000 shack



declared unfit for human occupancy and and was recently sold for $18,000

What makes this case so typical of all this sub-prime garbage are all the fees that were made by people who had no stake in it

http://www.walletpop.com/blog/2009/...0-shack/?icid=100214839x1216718705x1201020464

 

[Socrtease]

Here it comes, this is all the Dems fault. They are the ones that forced this company to make this loan.

 

[tinfoil]

I blame Bush

 

[Chapdog]

lol is his the website? Hell my home office looks 10,000% more legit:http://www.azintegrity.com/

 

[Topspin]

Shouldn't at least some people go to jail for fraud?

 

[uscitizen]

Shouldn't at least some people go to jail for fraud?

Now that would be unamerican.
Who would go? The SEC?
The justice Dept?
The bond ratings companies for rating items with no performance history as AAA?
Corporations have all the benefits of individuals but none of the liability.
CEO's were just doing their job...

 

[ib1yysguy]

Now that would be unamerican.

The justice Dept?

I hear a lot about this freddie and fannie. Maybe they should go.