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

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