Sex, Lies, and Subprime Mortgages

There many tales waiting to be told about the “extra-curriclular” activites as pracitced by mortgage brokers and wholesalers.

While this sort of story may satisfy our scandalous interest, it is a story that ignores the corruption at the top of the pyramid by diverting attention from the crimes of Orangzillo, Panky, Bukkake’s et al.

Not for nothing were WaMu, Wachovia, et al buying up the brokerages so they could rake in the faux-dough and (quite possibly) ho’s.

[businessweek]

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