2/02/2009

Presto Pundit is a fresh site for me, but a really good one. Here's a sample from today headlined FBI Allowed Mortgage Fraud

The FBI knew about massive mortgage fraud, but used it's resources on other things.

On my very short street, two houses were part of a mortgage fraud scam. The mortgage scammers paid criminals to "buy" the houses, and then let them default, at huge multi-hundred thousand dollar markups over what the scammers had originally paid for the houses. Prostitutes lived in one of the houses, and folks who dumbed their garbage in the backyard lived in the other house. The FBI refused to investige, the local police refused to investigate — no one cared. It was business as usuall in America.
Really good site, take a look.

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