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Fraud

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March 3, 2009Former Countrywide Financial president Stanford Kurland founded PennyMac, a business that purchases delinquent mortgages, sometimes for pennies on the dollar, from the government. “It is sort of like the arsonist,” said Margot Saunders, a lawyer with the National Consumer Law Center, “who sets fire to the house and then buys up the charred remains and resells it.”
Source:

New York Times

970

December 2009

THE GENERAL ELECTRIC SUPERFRAUD
Why the Hudson River Will Never Run Clean
By David Gargill

THE MASTER OF SPIN BOLDAK
Undercover with Afghanistan’s Drug-Trafficking Border Police
By Matthieu Aikins

MERMAID FEVER
A story by Steven Millhauser

UNDERSTANDING OBAMACARE
By Luke Mitchell

Also: Dave Hickey and Wendell Berry