Back in the day when I was a police reporter at a small daily newspaper, one of the continuing stories we wrote about was the battle within the Philadelphia crime family that had been run by Angelo Bruno. Like Don Corleone in the movie “The Godfather,” Bruno didn’t believe in the family getting involved in narcotics and instead kept the business focused on bookmaking and loansharking, with the occasional shakedown of local business people for protection money.
I hadn’t heard much about the Philly crime family until recently, when reports indicated that it had somehow gotten itself involved in a troubled subprime mortgage lender from Dallas – one that recently went into bankruptcy for the second time in about ten or so years. The Philadelphia Inquirer had a nice piece in the Sunday paper that begins to unravel this tangled tale. Click here to read the story.