1 posted on
06/23/2006 11:07:59 AM PDT by
MisterX
To: MisterX
Their internal operations are no better. I know of a particular multimillion dollar expense, the main purpose of which is to pad an executive's resume for a jump into the private sector.
2 posted on
06/23/2006 11:10:26 AM PDT by
thoughtomator
(Famous last words: "what does Ibtz mean?")
To: MisterX
Wow, the author has one heck of a long name.
3 posted on
06/23/2006 11:21:04 AM PDT by
synbad600
To: MisterX
The housing bubble is popping louder everyday.
4 posted on
06/23/2006 11:27:31 AM PDT by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: MisterX
Appraisers inflate property values. Realtors, closing attorneys, et al, grease the process. Straw buyers are paid to pose as qualified purchasers, using phony proof of income, assets, etc. After an inflated loan is obtained, they decamp. The property slides into default.But the sale remains on the books as a "comparable" for future appraisals, I guess, inflating future appraisals in the neighborhood..
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