Matt Haggman reports: Bad mortgage brokers ran wild, Florida admits. He wrote:
"In a stinging critique of the state's oversight of the mortgage industry, top Florida investigators found that state regulators failed to alert police agencies to crooked mortgage brokerages, ignored citizen complaints and allowed hundreds of people with criminal histories to peddle loans."
Does this mean people can sue the State of Florida for incompetence?
"The newspaper found that convicted criminals went on to steal at least $85 million from consumers and lenders."
1 comment:
my favorite point: the guy who wrote the legislation is now making a living playing poker.
paging Carl Hiaasen!
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