Saturday, May 26, 2012

CR — Conviction: Fraud for Housing

Bill McBride quotes from "Unwinding the Fraud for Bubbles, which his co-author, Doris (Tanta) Dungey (d. 2008), wrote in early 2007 and in which she distinguished fraud for housing from fraud for profit. The bubble involved both. We are still working it out. So far, very few of the predatory lenders have been either investigated or prosecuted, although some of the "little guys" have. We're still waiting.

Read it at Calculated Risk
Conviction: Fraud for Housing
by Bill McBride

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