Comment

Video: The Crisis of Credit Visualized

164
itellu3times5/02/2009 4:54:06 pm PDT

re: #148 Thanos

Just to correct some misconceptions: while there is and was some mortgage fraud out there, it’s a percent of a percent, it’s not the norm.

Have to disagree there, fraud was a large factor from early in the bubble, and some ridiculous proportion of the loans that Countrywide made in the later months never had even the first payment made!