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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (3270)	3/5/2009 8:10:23 PM
From: tejek	Read Replies (1) \| Respond to of 3816

Gee. You got some evidence this particular guy was behind any fraud or other criminal (or merely reprehensible) actions, or do you just assume he was because he was in the business? I didn't realize you were so behind the curve......read the article below to get caught up: "Mr Kurland, who was key in pushing Countrywide, now part of Bank of America, into the mass marketing of dodgy mortgages with teaser rates that contributed so much to the current economic morass, has been unmasked as the man now heading a company called PennyMac that exists precisely to buy up as many distressed mortgages as possible from floundering banks and the US government for big profits." independent.co.uk