nobull

The Great American Ponzi Scheme (Part I)

Housing itself has been a Ponzi scheme. Any time the value of an asset depends solely on there being someone new willing to pay more, and cannot stand by itself, thats a Ponzi in my opinion.

What Happened to Objectivity and Integrity?

welcome to the government sponsored Ponzi scheme - HOUSING!

Prosecutors Going after Fraudulent Mortgage Borrowers

Finally! Somone going after these crooks. Too much blame is put on banks and lenders when these borrowers not only lied to buy a house they couldnt afford, they have the nerve to ask for taxpayer assistance. As if having the option of walking away clean from a loss wasnt a gift enough.