Home > Blogs > John Michailidis > Sarasota, Bradenton, Venice, FL Area Residential Property Management Company

Base, Vile, Slimy, Corrupt, Contemptible . . . The Mortgage Banking Industry Exposed!

By John Michailidis

Real Estate Broker/Owner with Real Property Management of Sarasota & Manatee

January 12, 2011 06:17 PM

CLICK to register for our Next FREE Foreclosure Help Tele-seminar

Base, Vile, Slimy, Corrupt, Contemptible . . . The Mortgage Banking Industry Exposed!

Certainly there were/are many corrupt real estate agents who contributed to the current economic and housing crisis, but in terms of the industry as a whole, the National, State, and Local Associations truly want to conduct business ethically and fairly, and to help families, individuals, and communities. This is were I see a fundamental difference between us and the mortgage industry.

Virtually every major banking institution is a cesspool of corruption at its core, with the all mighty dollar at the heart of every decision regardless of the suffering those decisions may bring to real live human beings.

This video highlights but one of the hypocrisies foisted upon this nation by the banksters.

(You may need to refresh your browser to watch)

CLICK to register for our Next FREE Foreclosure Help Tele-seminar

Re-Blog

Comments(4)

Comment

Show All Comments

Sort:

Kimberly A Norgard

Devlin McNiff Halstead Real Estate - East Hampton, NY

What an interesting post. Gives you something else to think about. Great video by-the-way.

Jan 12, 2011 06:44 PM

John Michailidis

Real Property Management of Sarasota & Manatee - Sarasota, FL

Real Property Management of Sarasota & M

Kimberly: Yes, something to think about. What strikes me about this post is that yours is the only comment in spite of 62 views to date. I think that's part of the problem. Too many real estate people are fearful/hesitant to speak truth to power when it comes to the villainous behavior of bankers. I suppose they feel that if they pretend the folks they deal with everyday aren't linked to essentially criminal organizations, then it won't be true.

Well, it unfortunately is true, and the more we speak about this truth the more pressure will be brought to bear on the banksters to clean up their act. --JM

Jan 13, 2011 02:55 AM

Troy Funk

Allison James Estates & Homes, Sarasota 941-957-3737 - Sarasota, FL

Broker / Associate

John, Have you seen the documentary, "Inside Job" - ... A Must See -- All the best, Troy

Jan 13, 2011 03:02 AM

Troy: No, but I just looked at the trailer and I'm going to have to track down a copy for sure! Thanks for the tip! --JM

http://www.sonyclassics.com/insidejob/

Jan 13, 2011 04:23 AM

Base, Vile, Slimy, Corrupt, Contemptible . . . The Mortgage Banking Industry Exposed!

Comments(4)

John Michailidis

Service Areas

Real Estate Resources

Recent Posts

Additional Information