Sound familiar?

(In England...) Homebuyers encouraged to lie for mortgages:
Homebuyers are being encouraged to lie on their mortgage applications to take out loans they cannot afford, according to an investigation.

Some mortgage brokers have encouraged desperate borrowers with poor credit records to claim they earn almost double their true income on loan forms

As Karl Marx said, "History repeats itself, first as tragedy, second as farce." We have the tragedy thing going on pretty well here in the U.S., and, as Monty Python and Little Britain can attest, England can hold its own in farce.

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