Thursday, October 18, 2007

Off topic: White collar criminals

Inside America's Richest Insurance Racket ... the near bogus requirement to purchase title insurance on every home carrying a mortgage turns out to be up to a 93% profit industry due to its solving a problem that barely exists. And they cut their own costs ever further by moving the jobs offshore and replacing what was left with computers, while doubling your rates to buy a policy you probably do not need, while bribing Realtors to send them your business and running sham front companies with never occupied local offices. Kickbacks galore.

And the U.S. Department of Justice is apparently looking at anti-trust violations in real estate - check out their web site.