Why aren’t these big mortgage guys going to prison?
Well, at lease a few of them are.
Lee. B. Farkas, former chairman of Florida-based Taylor Bean & Whitaker, just got 30 years. Taylor Bean wasn’t exactly Countrywide Financial, but it had been one of the largest privately held mortgage companies in the nation. Click here to read more on his sentence.
And click here to read what I wrote about the case last week when the stay-at-home CEO Farkas hired received his sentence.