Comments on: Getting Mortgage Fraud Down to an Art http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 20:27:37 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Patrick Neid http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131497 Patrick Neid Mon, 08 Dec 2008 12:33:42 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131497 Stories like this will be the norm going forward. What will be forgotten and hardly mentioned is that most of the perps will go to jail. Our Mr Benn is doing 18 hard ones. Stories like this will be the norm going forward. What will be forgotten and hardly mentioned is that most of the perps will go to jail.

Our Mr Benn is doing 18 hard ones.

]]> By: Tom K http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131478 Tom K Mon, 08 Dec 2008 03:46:06 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131478 @RW - you mean the wall street rescue plan the Dem in congress voted for and Obama supported? That rescue plan? Don't get me wrong, the Bush administration and the Republicans in congress were fiscally irresponsible, anything but "conservative". Unfortunately Obama and his friends in congress are going to use this crisis to spend us into oblivion. I hear few voices amongst politicians or the media say "geez, all this new government debt may not be a good idea". We got into this mess because there was little scrutiny by regulators, politicians and media of mortgage lending standards. Now, as the government trys to soften ramifications with trillions of dollars in new debt, there seems to be even less scrutiny of how this money is being used. And the banking bailout is just a precursor to the porkfest coming down the pipe; the big 3 bailout, the stimulus package, Obama's NEW New Deal...the horror stories will continue as we plow this country ever deeper in debt. @RW – you mean the wall street rescue plan the Dem in congress voted for and Obama supported? That rescue plan?

Don’t get me wrong, the Bush administration and the Republicans in congress were fiscally irresponsible, anything but “conservative”. Unfortunately Obama and his friends in congress are going to use this crisis to spend us into oblivion. I hear few voices amongst politicians or the media say “geez, all this new government debt may not be a good idea”.

We got into this mess because there was little scrutiny by regulators, politicians and media of mortgage lending standards. Now, as the government trys to soften ramifications with trillions of dollars in new debt, there seems to be even less scrutiny of how this money is being used.

And the banking bailout is just a precursor to the porkfest coming down the pipe; the big 3 bailout, the stimulus package, Obama’s NEW New Deal…the horror stories will continue as we plow this country ever deeper in debt.

]]> By: Bob_in_MA http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131459 Bob_in_MA Sun, 07 Dec 2008 22:38:54 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131459 Just so I'm not misunderstood, I'm a life-long Democrat. I just smell a huge pork fest coming on and don't like the odor. Just so I’m not misunderstood, I’m a life-long Democrat. I just smell a huge pork fest coming on and don’t like the odor.

]]> By: willid3 http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131450 willid3 Sun, 07 Dec 2008 21:35:05 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131450 i doubt they had to work hard to game that Bush program. They didn't want to have any one having to do any thing to get involved with it. or do any thing after they did. sort of wonder if there should be or is a claw back provision huh? i doubt they had to work hard to game that Bush program. They didn’t want to have any one having to do any thing to get involved with it. or do any thing after they did. sort of wonder if there should be or is a claw back provision huh?

]]> By: RW http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131446 RW Sun, 07 Dec 2008 21:05:26 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131446 "...figuring out how to game Obama’s $600B fraud trifecta?" Probably not until the bankers and wall street get through gaming Bush and Paulson's $700B fr..., um, rescue program. You know it's getting really bad when a fraud network like Benn's generating over $500MM in bad paper starts to look like small potatoes. “…figuring out how to game Obama’s $600B fraud trifecta?”

Probably not until the bankers and wall street get through gaming Bush and Paulson’s $700B fr…, um, rescue program.

You know it’s getting really bad when a fraud network like Benn’s generating over $500MM in bad paper starts to look like small potatoes.

]]> By: Bob_in_MA http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131442 Bob_in_MA Sun, 07 Dec 2008 20:53:26 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131442 What do you want to bet these people are now out there figuring out how to game Obama's $600B fraud trifecta? (oh, pardon me, I mean stimulus package.) What do you want to bet these people are now out there figuring out how to game Obama’s $600B fraud trifecta?

(oh, pardon me, I mean stimulus package.)

]]> By: rww http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131440 rww Sun, 07 Dec 2008 20:49:07 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131440 re: Barron's BR, a "medium recession"? BR, WTF?? Is that a misquote? re: Barron’s

BR, a “medium recession”? BR, WTF?? Is that a misquote?

]]> By: DL http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131434 DL Sun, 07 Dec 2008 20:23:24 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131434 How about the “sex for mortgage” exchanges? http://www.businessweek.com/print/magazine/content/08_47/b4109070638235.htm How about the “sex for mortgage” exchanges?

http://www.businessweek.com/print/magazine/content/08_47/b4109070638235.htm

]]> By: karen http://www.ritholtz.com/blog/2008/12/getting-mortgage-fraud-down-to-an-art/comment-page-1/#comment-131433 karen Sun, 07 Dec 2008 20:18:53 +0000 http://www.ritholtz.com/blog/?p=12190#comment-131433 (Repost) Barry Ritholtz is in Barron’s this weekend… and it’s a great read! hope this link works without a subscription: “A big bear turns bullish, sort of” http://online.barrons.com/article/SB122852213723784245.html?mod=b_hps_9_0001_b_this_weeks_magazine_home_right&page=sp (Repost)

Barry Ritholtz is in Barron’s this weekend… and it’s a great read! hope this link works without a subscription:

“A big bear turns bullish, sort of”

http://online.barrons.com/article/SB122852213723784245.html?mod=b_hps_9_0001_b_this_weeks_magazine_home_right&page=sp

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