? — When Luis Macedo’s domestic went with the property foreclosure last year just after days regarding what he titled getting the run around out of his lenders from the Nationwide Monetary Corp., he had been furious and you can worried.

As he read Wednesday that some of the exact same Nationwide managers just who oversaw the text of one’s crappy fund was basically buying right up outstanding mortgage loans from the regulators at the low prices and and work out many of potential mortgage payments, he was outraged.

« It’s undoubtedly violent that these guys are still in operation, » told you Macedo, a great Dallas native who said Nationwide misled your on how best to pay off their financing, foreclosed to your their family and you can pushed your so you’re able to vacate.

« Top of the echelon guys perpetrated a scam as they enjoy money to-be authored no supervision. Exactly the same way it prohibit guys from trade into Wall structure Path, this business is prohibited regarding financial and financial community for lifetime, » the guy said. « Its preposterous why these the male is nevertheless greet enter the new mortgage business. »

Particularly AIG and you may Bear Stearns, title Nationwide — since the country’s biggest lending company — has been shorthand getting an infamous second on the market meltdown and you can the expression a veritable icon of your burst construction bubble. Continue reading « Consumers Enraged due to the fact Former Countrywide Execs Back into Organization »