Would Real Estate and Mortgage Fraud make employnment worse?
I just read incredible article in local Florida newspaper of a police roundup of dozens of real estate, mortgage, appraisars, accountants, attorneys, etc. in two different cases. And many more of these arrests for different companies and individuals is expected.
So I wonder, been the market the way it is now, with wall street being thankfully helped by the U.S. Government, due to the real estate mess, how about the thousands of people who are left jobless once their bosses go to jail, or while the trials go on. People only tend to think of the homes not being sold, which is pretty bad in itself. But there are apparently thousands of people around the country who made those loans illegally to start with. And now the poor employees for those companies will have no job.