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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (57215)	9/27/2006 5:41:55 PM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

Not sure why they were surprised about this? The US can get their hands on everything they want to get their hands on. This is just a fact, spy or not<g>

To: regli who wrote (57215)	9/28/2006 4:08:19 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Town's Residents Say They Were Targets of Big Mortgage Fraud By JAMES R. HAGERTY and MICHAEL HUDSON September 28, 2006; Page A1 MARTINSVILLE, Va. -- Federal and state authorities are investigating allegations of an elaborate mortgage fraud involving about 100 people living in or near this small factory town who say they unwittingly took out loans to buy houses at inflated prices in Indiana. The borrowers, who include truck drivers, factory workers, a pastor and a hair stylist, say they were duped by acquaintances into signing stacks of documents and didn't know they were applying for loans. Instead, they thought they were joining a risk-free "investment group." Now, many of the loans are in default, the borrowers' credit ratings are in ruins, and lenders are pursuing the organizers of the purported investment group in court. Companies stuck with the defaulting loans include Countrywide Financial Corp., the nation's largest home lender, and Argent Mortgage Co., another big lender.