Comments on: BREAKING: Subprime Debacle Goes Criminal. FBI Investigates 14 Companies

By: Real Estate South Africa

Real Estate South Africa — Fri, 01 Feb 2008 14:18:16 +0000

Couldn’t agree with you more Real Estate investor girl. It’s a stupidity crime. What’s happened down in South Africa, is they’ve now introduced a national credit act to prevent the malpractice of lending credit to people who actually just plain and simply can’t afford it. This just causes more choas for the companies economy than we can actually afford right now, and same goes for subprime mortgage lenders. The only difference was that our lending was by the banks….

YEAH NAUGHTY NAUGHTY

By: Online Trading

Online Trading — Fri, 01 Feb 2008 01:41:51 +0000

Too bad the government didn’t feel the need to have any oversight of the sub-prime industry before so many people were taken advantage of. This is a typical too little, too late response.

By: charles feldman

charles feldman — Thu, 31 Jan 2008 23:48:36 +0000

Wish I could list the 14 companies being looked at by the FBI, but the agency has not revealed the names because it is an active and ongoing investigation in its early stages. I am sure,though, the names will soon leak out to the media.

By: Daniel

Daniel — Thu, 31 Jan 2008 15:37:33 +0000

I also think, the subprime meltdown will show all her effects in 2008 and because it concernes people and companies all ober the world .

By: Pam

Pam — Thu, 31 Jan 2008 15:22:22 +0000

I’m not sure if this is nationally or just here in Arizona, but I heard rumors of making mortgage brokers and other in that industry go through some sort of certification process like that of a real estate agent.

By: New homes sale in Georgia for

New homes sale in Georgia for — Wed, 30 Jan 2008 18:23:18 +0000

I’m glad to see they are looking into this and hopefully in time we will better understand who is at fault. How most importantly to assure it doesn’t happen again.

By: Real Estate Investor Girl

Real Estate Investor Girl — Wed, 30 Jan 2008 17:06:23 +0000

Is stupidity a crime? I’m not talking about consumers who are told there is a way to have the American dream. But, all those financial decision makers that we entrust our well being to with our homes being the playing piece.

I am not finding the employees of these lenders any more educated on how the short sale or foreclosure process works.

By: Teresa

Teresa — Wed, 30 Jan 2008 15:28:07 +0000

These companies are burying borrowers deeper and deeper. They’re taking advantage of the person’s need for money.

By: RK

RK — Wed, 30 Jan 2008 13:50:57 +0000

how long is the sub-prime effect going to linger on? Its really effecting everyone, not just in US

By: Rudy

Rudy — Wed, 30 Jan 2008 06:22:32 +0000

im sure all of these companies done something wrong. all the banks and companies who offer bank accounts also been doing this for some time. I have a friend who offers second chance bank account through a bank. it’s all a big rip-off. I’m sure loan companies been doing the same thing.