As if the wholesale mortgage industry wasn't sleezy enough, now Business Week reports widespread trading of sex for mortgages to put into CDOs. Sex was the missing ingredient in this mess, until now.
Did someone have sex to obtain your mortgage? |
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As if the wholesale mortgage industry wasn't sleezy enough, now Business Week reports widespread trading of sex for mortgages to put into CDOs. Sex was the missing ingredient in this mess, until now.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
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