Accounting Newsletter


October 9 2008 Accounting Newsletter

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Behind WallStreet Meltdown
Fraud and greed are two powerful words that played a major role in the financial meltdown. Greedy mortgage brokers account for 87.6% of the fraud for housing statistics revealed by the government. Naive citizens who entered into questionable mortgages ended up into a foreclosure process.

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Consuelo Herrera, CAMS, CFE, Accounting Editor

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