Meet The Clown:
Ian McCarthy, CEO of Beazer Homes. This tool of a guy built homes that he also financed for the buyer. He aggressively sold homes and lied about buyers’ qualifications to own the homes.
He provided the financing but it was more like a juice loan. He said the mortgage rate would go ‘up’ the next year. But they went way UP – the new payments were far more than what was represented and more than the value of the house. He lied to get his home inventory out the door and then left homeowners in homes they could not afford. One in five homes he built are in foreclosure.
What a guy –he managed to get the government to foot the bill –so he gets paid even if homeowners default. Last year, Ian even got a bonus. He’s ranked number 6 of the 10 most responsible parties for the entire economic collapse. Well, we think he deserves the Clown Car Award too. What do you think?
Only in America. God bless the USA, were justice reigns supreme (yadda, yadda, yadda).
My best guess is that you can thank the Federal Reserve and that “rotating door” up in congress/senate/politics for the wonderful system we live in today. They call America so “great,” all the while it slips further and further away from its glory days. We Americans have such a high level of perceived self-importance, blinded by ignorance and the media.
Can you investigate the government? How about we start with Dick Cheney, haliburton CEO and former vice president of this fine corporate puppet err uhm, country.