In Prison for Taking a Liar Loan – Piggington's Econo-Almanac

This topic has 25 replies, 5 voices, and was last updated 13 years, 3 months ago by earlyretirement.

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March 26, 2011 at 12:00 PM #18663

admin
Keymaster

Should we put in jail the users or the pushers?

Charlie Engle wasn’t a seller of bad mortgages. He was a borrower. And the “mortgage fraud” for which he was prosecuted was something that literally millions of Americans did during the subprime bubble. Supposedly, he lied on two liar loans.

http://www.nytimes.com/2011/03/26/business/26nocera.html?pagewanted=1&hp

March 26, 2011 at 12:31 PM #681100

UCGal
Participant

It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.

March 26, 2011 at 12:31 PM #682260

UCGal
Participant

It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.

March 26, 2011 at 12:31 PM #681907

UCGal
Participant

It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.

March 26, 2011 at 12:31 PM #681767

UCGal
Participant

It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.

March 26, 2011 at 12:31 PM #681153

UCGal
Participant

It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.

March 26, 2011 at 1:08 PM #681163

NotCranky
Participant

[quote=UCGal]It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.[/quote]

Running is the perfect fix for addiction. It is hard to run and stick anything in your mouth at the same time and if you do you are probably burning it off or you have the hope of throwing up. Then you have the endorphins and whatnot. Plus you can make yourself too tired to go out and party. It is much more admirable than drinking a fifth or eating a half gallon. Careful with those knees.

March 26, 2011 at 1:08 PM #682270

NotCranky
Participant

[quote=UCGal]It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.[/quote]

Running is the perfect fix for addiction. It is hard to run and stick anything in your mouth at the same time and if you do you are probably burning it off or you have the hope of throwing up. Then you have the endorphins and whatnot. Plus you can make yourself too tired to go out and party. It is much more admirable than drinking a fifth or eating a half gallon. Careful with those knees.

March 26, 2011 at 1:08 PM #681777

NotCranky
Participant

[quote=UCGal]It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.[/quote]

Running is the perfect fix for addiction. It is hard to run and stick anything in your mouth at the same time and if you do you are probably burning it off or you have the hope of throwing up. Then you have the endorphins and whatnot. Plus you can make yourself too tired to go out and party. It is much more admirable than drinking a fifth or eating a half gallon. Careful with those knees.

March 26, 2011 at 1:08 PM #681110

NotCranky
Participant

[quote=UCGal]It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.[/quote]

Running is the perfect fix for addiction. It is hard to run and stick anything in your mouth at the same time and if you do you are probably burning it off or you have the hope of throwing up. Then you have the endorphins and whatnot. Plus you can make yourself too tired to go out and party. It is much more admirable than drinking a fifth or eating a half gallon. Careful with those knees.

March 26, 2011 at 1:08 PM #681917

NotCranky
Participant

[quote=UCGal]It does seem out of scale that his mortgage broker got a sentance of half the time as this guy.

It’s also an interesting crossover from the OT topic about alcholism… this is a guy who had been seriously addicted to drugs, and then became seriously addicted to long distance running… substituting one addiction with a healthier one.[/quote]

Running is the perfect fix for addiction. It is hard to run and stick anything in your mouth at the same time and if you do you are probably burning it off or you have the hope of throwing up. Then you have the endorphins and whatnot. Plus you can make yourself too tired to go out and party. It is much more admirable than drinking a fifth or eating a half gallon. Careful with those knees.

March 26, 2011 at 1:29 PM #681177

NotCranky
Participant

On topic, it seems something is wrong with that story potentially from several angles.
Being the suspicious type on thing I wonder is if it is not designed to intimidate liar loan borrowers from strategic default. Probably a crazy thought. Haven’t had my normal amounts of anti-curmudgeon.

March 26, 2011 at 1:29 PM #682285

NotCranky
Participant

On topic, it seems something is wrong with that story potentially from several angles.
Being the suspicious type on thing I wonder is if it is not designed to intimidate liar loan borrowers from strategic default. Probably a crazy thought. Haven’t had my normal amounts of anti-curmudgeon.

March 26, 2011 at 1:29 PM #681932

NotCranky
Participant

On topic, it seems something is wrong with that story potentially from several angles.
Being the suspicious type on thing I wonder is if it is not designed to intimidate liar loan borrowers from strategic default. Probably a crazy thought. Haven’t had my normal amounts of anti-curmudgeon.

March 26, 2011 at 1:29 PM #681125

NotCranky
Participant

On topic, it seems something is wrong with that story potentially from several angles.
Being the suspicious type on thing I wonder is if it is not designed to intimidate liar loan borrowers from strategic default. Probably a crazy thought. Haven’t had my normal amounts of anti-curmudgeon.
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