This last weekend, the New Your Times published a story that, quite frankly, shows why the financial markets are so f*$#%’d up.
You’ve got to love the FDIC “investigator” who got a bug up his butt, and sought out, and sent a secret investigator (posing as a hot chick trolling for a guy) to dupe a borrower into “confessing” he’d lied on a “liar loan” (what we in the biz refer to as a “stated income” loan).
This is absolutely ridiculous.
Why the hell aren’t these precious Federal Resoutrces spend tracking down and throwing the Financial Executives that perpetrated this fraud, in jail?
Read on, and be astounded!