Sunday, June 3, 2012

Elizabeth Warren: House Flipper

Senatorial candidate and possible part-part-part Cherokee Elizabeth Warren (D-Mass), who has recently complained about the lending practices of "predatory" banks and the resulting "heartless" foreclosures, has profited, and helped members of her family profit, from the practice of "flipping" houses, including properties upon which banks had foreclosed.  Most of the activity took place during the 90's, before the real estate market collapse of 2008, but if banks were acting as predators, Warren had already made quite a bit of money as a scavenger.

Read the story at the Boston Herald.

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