Vuture funds take advantage of distressed mortgages: a new Wall Street trick?

Louise Tale reports on a new trick on Wall Street to make money on economic misery, the so called &

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Vuture funds take advantage of distressed mortgages: a new Wall Street trick?

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    1. The American Dream has become a nightmare as we have allowed individualism, materialism and selfish greed to override being a good citizen, good neighbor, and going as far as your ability and hard work would take you. ..... In my opinion, he was too generous, as the Wall Street bankers of today personify pure evil. Only soulless parasites could create subprime, no doc, and Option ARM mortgages, sell them as packages to pension funds, bet they would collapse, ...

    1. This, according to these sources, is a common trick used by Communists. In addition, our source stated that, in his opinion, this picture deliberately maligned the upper class, attempting to show the people who had money were mean and .... In my opinion, he was too generous, as the Wall Street bankers of today personify pure evil. Only soulless parasites could create subprime, no doc, and Option ARM mortgages, sell them as packages to pension funds, bet they would ...

    1. But as prices continue to stabilize, lenders are likely to take advantage of the situation by putting more of these distressed properties on the market, economists said. "Banks have remained in foreclosure paralysis, allowing that backlog to get larger and larger. ...... That ability allowed him to smell a rat in 1999 when he encountered the remarkable returns claimed for a secretive hedge fund run by Bernard Madoff, a renowned Wall Street broker-dealer. ...