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Tuesday, April 21, 2009

Congratulations Las Vegas Sun


It takes courage to walk into the lions den of corruption and expose the talons of a corrupt and greedy system. It also takes courage to print it in a city so whitewashed by it's dishonesty it reacts with brazen indignity to accusations in the face of facts.
The Las Vegas Sun doesn't whitewash the city's ugly pustules by printing more sports and sports surveys on the front page. It doesn't skim over the fact Las Vegans have lost over 50% of their assessed values on homes in the area. In fact, it takes the time to put real faces on the losses piling up in the city. Congratulations -honesty and openness in today's climate of overwhelming greed and deceit feels like a lifeline to a better world.
If the Sun really wants to clean house, I suggest they investigate how the home assessors, Realtors and county colluded when inflating the real estate market. I suggest they investigate how building codes were overlooked in an effort to expedite the building of cheap homes with major flaws and how the building inspectors looked the other way.
In conjunction with those questions, I would ask how Realtors and banks worked together to package the toxic loans given to people.
If you really want to clean house, tell me why the town home I lost went from 234,000 to 65,000 in three years. Why my mother's house, after her death sold for 1.5 million, was repossessed and sold for less than 400,000, three years later.
There is something very smelly about the entire situation.