How the mortgage scammers "f.u."-ed us all | Arkansas Blog

Saturday, January 3, 2009

How the mortgage scammers "f.u."-ed us all

Posted on Sat, Jan 3, 2009 at 12:43 PM

That stands for "fixer-upper"-ed us.

Today's Wall Street Journal puts the financial collapse in terms we can all understand.

It tells how a three-room shack in Arizona declared "unfit for human occupancy" was mortgaged FOR $103,000! by a former drunk with no job and a terrible credit history and how that sort of criminality got us where we are.

I can't get the link to link, but you can read the story at:

http://online.wsj.com/article/SB123093614987850083.html?mod=todays_us_page_one

Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

Readers also liked…

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation