Sharmen Lane went from manicurist to millionaire loan wholesaler
How did the economy get to this place?
The full impact of what the corporate executive teams were doing at some of the country’s largest and most venerable institutions has astonished many of us.
They took their companies, ran them into the ground, all the while taking multi millions of dollars and putting it into their own personal pockets.
And the housing industry?
Well this article in Business Week is a real eye opener. It’s disturbing…on so many levels…
What has been going on in some areas of the mortgage industry is outrageous!
Let me be very clear…this does not mean everyone; but rather the article points out the behavior of certain companies and executives who used the mortgage business for personal conduits of sex and money making spiggots.
They have caused us to lose decades of hard work building towards retirement.
They should be thrown in jail…do not pass go…straight to jail.
From my experience with the last banking crisis, only a very few will be made an example of, and the vast majority will go scott free …with their WEALTH intact…
The sexual favors, whistleblower intimidation, and routine fraud behind the fiasco that has triggered the global financial crisis…
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
Century 21 Commonwealth
BostonKayakGuy…The MetWest Scene
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Filed under: Boston, Boston Business, Boston Real Estate, BostonKayakGuy, Business, credit crunch, economy, Finance, Metrowest, metrowest business, metrowest real estate, MetWest, mortgages, Natick, Natick Real Estate, Needham, Newton, politics, Real Estate, South Natick, The MetWest Scene, Top Metrowest Real Estate Agent, Wellesley, West Roxbury, Weston, westwood | Tagged: bailout, BostonKayakGuy, Business, business week, culprits of collapse, economy, employee discrimination, Finance, fraud, housing, integrity, john prescott top metrowest real estate agent, John Prescott's The MetWest Scene, lawsuits, Mara Der Hovanesian, mortgage wholesalers, mortgages, Real Estate, retirement, sexual harassment, sharmen lane, stock market, subprime, wall st., whistleblower |