George's Blog

I came across this great expose article today that tells the story of one of the major subprime players- WMC Mortgage, bought by General Electric in 2000. It tells of their outrageous, fraudulent corporate culture of greed; and the environment that were all common practices at the subprime lenders at the time http://dailybail.com/home/fraud-and-folly-the-untold-story-of-general-electrics-shady.html.

This is not for the faint of heart!