You know the rest. If you are sitting on a gravy train, why spoil it? When folks start cutting corners, screwing their customers, and setting up accounts in the Caymans, you should cut and run from business dealings with them. Financial fraud is usually a pretty good sign there are underlying problems with the system. Case in point, REFCO.
Now the housing market may seem fantastic to some, on shaky ground to others. To Jeff Matthews, its a House of Paaaaaaain. I’ll reserve my comments on which way its headed, as I have probably said enough already.
But I have to wonder why brokers in a market full of opportunity are committing frauds.