Thursday, November 13, 2014

OCHN: More homeowners restart personal Ponzi schemes

As home prices go up, homeowners can’t resist tapping their home equity to restart their personal Ponzi schemes.

When the credit crunch of 2007 abruptly curtailed the flow of money into residential mortgages, every homeowner who ran a personal Ponzi scheme was suddenly cut off. Many...
More homeowners restart personal Ponzi schemes





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