Comments on: You Can’t Make This Stuff Up http://alamedalearning.com/reality/2006/09/21/you-cant-make-this-stuff-up/ Separating fact from fiction in finance and economics Thu, 11 Mar 2010 13:20:12 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Historian http://alamedalearning.com/reality/2006/09/21/you-cant-make-this-stuff-up/comment-page-1/#comment-48 Historian Fri, 22 Sep 2006 14:26:27 +0000 http://alamedalearning.com/reality/2006/09/21/you-cant-make-this-stuff-up/#comment-48 Anyone ever read the story of the Great Depression? It was a good one. Anyone ever read the story of the Great Depression? It was a good one.

]]> By: Casey Serin http://alamedalearning.com/reality/2006/09/21/you-cant-make-this-stuff-up/comment-page-1/#comment-47 Casey Serin Fri, 22 Sep 2006 08:54:15 +0000 http://alamedalearning.com/reality/2006/09/21/you-cant-make-this-stuff-up/#comment-47 Yes, it's pretty sad. Keep in mind, Liar's loans are pretty common. Stated income, stated assets, made up leases, fake owner-occupied, fake second homes, you name it! Yes i'm responsible. But I was also encouraged along the way by RE professionals who told me its "just a game". I know it's not an excuse. But by being honest about it I am bringing light to the issue. I am not going to continue to lie to cover up my original lie. If I have to face consequences, so be it. Hopefully I can help somebody in the process, even if its to show them what NOT to do. Yes, it’s pretty sad. Keep in mind, Liar’s loans are pretty common. Stated income, stated assets, made up leases, fake owner-occupied, fake second homes, you name it! Yes i’m responsible. But I was also encouraged along the way by RE professionals who told me its “just a game”.

I know it’s not an excuse. But by being honest about it I am bringing light to the issue. I am not going to continue to lie to cover up my original lie. If I have to face consequences, so be it.

Hopefully I can help somebody in the process, even if its to show them what NOT to do.

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