Oh they said SCAM.
I don't like that either.
Posted on 03/18/2009 9:56:24 AM PDT by TigerLikesRooster
Scamalot: The Worst Con Jobs Are Yet To Come
by Larry Edelson 03-12-09
I’m taking a different path in this issue. I’m going to discuss a few things that hardly anyone is warning you about.
Yet, they’re so important, they simply cannot be overlooked. To do so would be foolhardy.
/snip
Most people think the era of scams in the markets and investments is over. Kaput.
After all, from the tech bubble to Enron and WorldCom … from the real estate and mortgage train wreck, to Madoff’s $50 billion Ponzi scheme … we’ve seen every kind of scam possible, right?
Wrong! Fact is, beneath the surface of every bear market lies new scams being hatched … scores more dishonest operators and flimflam con artists …
/snip
Beware of These Major Scams
Sadly, the above groups comprise just about everyone under the sun. So this issue, in my opinion, couldn’t be timelier.
The scams unfolding today? Here are some of the most prevalent ones that I think you need to be aware of and some that are just getting started — all of which are rapidly on the rise …
black arrow Foreclosure scams: Here are 3 most common:
Phony Counseling or “Phantom Help”: The “counselor” tells the homeowner that he can negotiate a deal with their lender to save their home.
In exchange for an exorbitant fee, the scam artist claims he will handle all the details. But once the fee is paid, the phony counselor disappears with the homeowner’s money as well as with their personal financial information.
The lease/buy back: Homeowners are deceived into signing over the deed to their home to a scam artist who tells them they will be able to remain in the house as a renter and eventually buy it back.
(Excerpt) Read more at moneyandmarkets.com ...
Ping!
Sclamalot !
I love it. A meme is born.
Already have figured that out....just watch the boob tube, LOL!!! Thanks anyway!
Some people need work so desperately, even a con job will do!
All being enabled by TP. (Teleprompter President)
No mention of the “stimulus” scam currently bilking taxpayers for 100s of billions to handout funds to failed businesses. What are you getting for the tax dollars that obama is scamming future generations out of?
He gives good basic advice but I don’t anyone who thinks this: “Most people think the era of scams in the markets and investments is over. Kaput.” No one who wasn’t born yesterday would believe the era of scams in the markets is over.
Agree it fits the obama plan.
Oh they said SCAM.
I don't like that either.
Thanks for the ping
Scam artists are like Willie Sutton the famed bank robber
who when asked why he robbed banks, replied,”Cause that’s where the money is.”
I’m most scared of fraud on the part of Congress.
Since the dawn of history we’ve had scammers. None of the named scams are modern, just variations on a theme.
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