Now that the BUYERS and complicit lenders who committed fraud are going belly up...let's us loyal, honest, hard-working taxpayers ante-up to bail them out since it isn't "fair" that they should lose their homes or write off their bad loans.
Fraud Seen as a Driver
In Wave of Foreclosures
Atlanta Ring Scams
Bear Stearns, Getting
$6.8 Million in Loans
http://online.wsj.com/article/SB1198...googlenews_wsj
If it was up to me...they'd get more than a monetary penalty...it's theft that affects the rates we ALL pay.