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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  While I don't have much empathy for (0+ / 0-)

    all those entities that ponied up the cash that was used to finance the purchase of houses, they like the house purchasers were buyers not sellers.  The sellers and their accomplices were the prior owner or real estate developer, the real estate brokers, the appraisers, the mortgage brokers, the loan originators, the security loan packagers, and the ratings agencies.  Problem is that a whole lot of cash went to those folks and it is now all gone.

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