Ah, mortgage brokers. I know there are some good ones out there, but as a group they closely resemble a carpet of pond scum.
Our valiant Attorney General, Lisa Madigan, pats herself on the back once again as she “continues to lead the fight against mortgage and home repair fraud.”
Read the laughably-titled story at the otherwise useful Mortgage Fraud Blog and ask yourself: where are the indictments? I don’t mean indictments of the penny-ante thieves being sued by Madigan, I mean the Illinois politicians who’ve allowed the mortgage brokerage industry to be a cesspool for as long as I’ve been around it.
Well, if she actually did her job and started looking into crooked pols, that wouldn’t help her inaugural run for the Governorship next term, would it? But maybe I’m just too cynical.
Politicians enjoyed mortgage fraud when the government benefited from it in the form of higher real estate taxes and various transaction fees. Now that the feces has hit the air circulator, and it is way too late to do anything meaningful, they claim to be fighting fraud. I suppose a “comprehensive” solution will be proposed.
HA!
That Mangold idiot is now living in WI, unable to drive due to numerous DUIs, his wife freights him around town, he opened a mortgage office in SIlver Lake, apparently thinking his reputation (and crimes) wouldn’t follow him there.
I know this only as he lives right next door to my dad – proof positive there is no link between making money and brains – first thing the jackass did was tear down a bunch of trees, put in totally sterile-looking suburban landscaping, oh, it just goes on and on…he apparently passes himself off as having Outfit connections, not aware he has moved to a part of the country where there are still plenty of people armed to the teeth militia-style, and will who shoot you for trespassing, then (a cop told us this) will drag you inside the house to make it “perfectly legal.”
I keep offering to invite 100 or so of my closest friends up to get really hammered and make a nuisance of ourselves, but to date my dad is trying to take the high road. Bummer.
Truth is most certainly stranger than fiction.