Upside Down Mortgage

Mortgage Fraud Arrests

Question: Why haven't I heard the words 'Commercial Fraud' uttered during the collapse of bank/finance as we knew it? ?

Estate Agents claiming commission from money lenders to knowingly organise mortgages [many self certified] for borrowers who didn't have the level of income required to repay the loan, Banks & Building Societies putting up the money for the mortgages in the knowledge that they didn't have the funds to cover them and then proceeded to sell the mortgages on to another bank who also knew they didn't have the funds to cover the mortgage, must surely have qualified for at least the words 'Commercial Fraud'? So who has been arrested and apart from redundancies what punishment have the perpetrators been given?

Answer: well this a two part answer. first there must be fraud commited which i believe did happen

secondly there must be some one untainted enough to persecute the case against the defrauders.

as everyone is in on the fraud up to their eyeballs no one is going to go after anyone else involved. tmm

The Arrest

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