Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: driftdiver

I want to highlight one paragraph from the OP:

“As the hole grew to well over $100 million, Taylor Bean and a handful of Colonial executives concocted a scheme in which Taylor Bean sold hundreds of millions in worthless mortgages to Colonial, mortgages that had already been sold to other investors. More than $1 billion in such phony mortgages were eventually sold to Colonial, which listed them on its books and on its quarterly reports as legitimate assets, prosecutors alleged.”


5 posted on 04/19/2011 4:54:07 PM PDT by NVDave
[ Post Reply | Private Reply | To 1 | View Replies ]


To: NVDave

How many people lost everything they had because of these people? 2000 people lost their jobs just with this company.

If there was any justice he would have to face those people.


8 posted on 04/19/2011 4:56:20 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: NVDave; Chunga85
When will you learn its all the ‘Dead Beats’ fault! There will be the ‘experts’ along in a bit to reeducate you both!
16 posted on 04/19/2011 5:35:10 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson