Thursday, Jul 15, 2010
The simplest explanation for UK house prices is fraud
Reuters: UK houses, Occam's razor and fraud
Un-freakingbelievable - 43 percent of mortgages in first quarter were STILL non-income verified. A fraud perpetuated by borrowers with connivance of banks. Banks see their collateral values protected and borrowers get a lifetime of debt.
Posted by jim @ 03:11 PM (245 views) Add Comment
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