Since they hired the same assholes who got us into the mortgage mess to supposedly help the banks, what the hell were we expecting? I still think there needs to be RICO against this entire industry. From the RE companies all the way up to the banks. They were complicit. All of them. The buyers might have done a few transactions, but these others did hundreds of millions. Who was really gaming the system? Now title cos won't insure foreclosed properties. I wonder why it took them this long to figure this out....
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Since they hired the same assholes who got us into the mortgage mess to supposedly help the banks, what the hell were we expecting? I still think there needs to be RICO against this entire industry. From the RE companies all the way up to the banks. They were complicit. All of them. The buyers might have done a few transactions, but these others did hundreds of millions. Who was really gaming the system? Now title cos won't insure foreclosed properties. I wonder why it took them this long to figure this out....
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