General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIt's Not Just TFG It's The Banks That Are Not Being Prosecuted
Underwriters and appraisers check my properties when I buy or re-finance. The banks know exactly what real estate is worth. They just play by different rules for TFG and his filthy friends.
I call it doing financial crimes.
Cap rate. PITI. Cashflow. Debt to income. They all matter to us little folks. The movers and shakers? Not so much.
Just look at how many banksters went to prison after the 2008 scam.
It's TFG and the banks, and the banksters are truly above the law.
The law only applies to the poor.
Try to vote? 7 years.
Response to DanieRains (Original post)
Chin music This message was self-deleted by its author.
The Magistrate
(95,247 posts)One thing has become abundantly clear.
High end real estate is a criminal enterprise, dedicated to laundering money and evasion of taxes, with both ends being accomplished by open fraud.
There probably isn't a soul involved who oughtn't to be doing five to ten in stir, and would be, in any well regulated polity. We do not have one of those....
DanieRains
(4,619 posts)I think you understand.
Panama Papers = nothing.
Pandora Papers = nothing.
But you and I are taxxed to death.
DanieRains
(4,619 posts)Fun ain't it.