ROAD TO RUIN: Fraud Scandal Brewing

mortgage
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Criminal fraud may be the most underreported aspect of our current financial crisis. 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.

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Artist: mortgage
Video title: ROAD TO RUIN: Fraud Scandal Brewing
Category: Real Estate
Views: 127
Submitted by: admin




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