Criminal fraud may be one of the most underreported aspect of our current financial crisis.
This is Lagan at ANP.
In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.
This entry was posted on Monday, May 11th, 2009 and is filed under Housing, Subprime, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.