Thread: Bankers Profit from Bad Loans
#1 Bankers Profit from Bad Loans
03-04-2009, 04:56 PM
- Join Date
- Mar 2009
- Redondo Beach, CA
"Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect."
This reminds me of the story about an arsonist who was a general contractor.
"I see you had a fire. Here's my card."
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