loosecannon
Senior Member
- May 7, 2007
- 4,888
- 269
- 48
"Trying to speed up the process puts the taxpayers like me on the hook for trillions not counting punitive damages."
"The FBI taskforce on Real Estate Fraud was effectively muzzled in early 2004. I know of many cases where state and local law enforcement have uncovered fraud rings run by mortgage originators and in the cases I am aware of no forensic accounting was involved."
I know a local woman who merely worked at a local bank and she openly admitted to committing mortgage fraud, or conspiracy to commit fraud, and her explanation was that everybody was doing it.
But if we dredge up the whole industry and mine it for fraud it is gonna take an industry larger than the mortgage industry to process the paperwork.
And what if anything is gained?
"The FBI taskforce on Real Estate Fraud was effectively muzzled in early 2004. I know of many cases where state and local law enforcement have uncovered fraud rings run by mortgage originators and in the cases I am aware of no forensic accounting was involved."
I know a local woman who merely worked at a local bank and she openly admitted to committing mortgage fraud, or conspiracy to commit fraud, and her explanation was that everybody was doing it.
But if we dredge up the whole industry and mine it for fraud it is gonna take an industry larger than the mortgage industry to process the paperwork.
And what if anything is gained?