Its hard to know who to feel sorry for in this story. Seems like all parties were greedy and deserve to go down in flames. I guess the real victims might be the regular folks who made the unwitting mistake of buying their (one and only) homes in neighborhoods where this went on and will now see their equity vanish as the repos are dumped by the banks.
I wonder if this went on it places like 4S and San Elijo and maybe the Carmel Valley/ 56 corridor area.
