 Quote:
Originally Posted by emilylynn
I have a novel idea. Relax the standards for piercing of the corporate veil, and let the individuals who designed and profited from this fraud take their licks along with the affected homeowners. I don't much care how the losses are allocated so long as they are not once again foisted off on the general public.
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What on earth are you talking about? Only fraud I am aware of is borrowers lying about their income and occupancy status in order to get a loan they shouldn't have.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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