Wednesday, November 2, 2011

U.S. sues Allied Home Mortgage for lending fraud | Reuters

"(Reuters) - Prosecutors sued a large U.S. mortgage broker and two top executives for an alleged decade-long fraud that cost the government hundreds of millions of dollars on risky home loans." - Reuters

Global economic meltdown has many demons, not the least of which is the US Court system. An unemployed man who had stolen a Barbie Doll for his child at Christmas would get harsher treatment. Rampant fraud exists because the reward outweighs the risk. That has to change.

U.S. sues Allied Home Mortgage for lending fraud | Reuters

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