Jay Hancock’s blog: Fraud in the homebuyer tax credit? Shocking! – Economic navigation and sightseeing – baltimoresun.com

Posted: June 24, 2010 by billyd in News, Politics

The mortgage disaster was the fraudfest of all fraudfests. “Liar loans,” in which borrowers lied about their income and assets, became common. Mortgage originators played along. So why would the mortgage-disaster bailout be any different? A Treasury Department inspector general reports that 4,608 people have claimed the homebuyer tax credit even though their home is a government prison. Some of them could have been filing jointly with spouses eligible for the credit, but more than 700 not only didn’t file jointly but were serving life sentences!

via Jay Hancock’s blog: Fraud in the homebuyer tax credit? Shocking! – Economic navigation and sightseeing – baltimoresun.com.

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