ED (evildevil) wrote in ontd_political,
ED
evildevil
ontd_political

Road to Ruin: Mortgage Fraud Scandal Brewing

Road to Ruin: Mortgage Fraud Scandal Brewing

Criminal fraud may be the most under-reported 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.

WATCH:

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