[Medium: Success] — Guaranteed Rate Companies is a private residential mortgage company founded in Chicago in 2000. The company has acquired several other mortgage companies such as Manhattan Mortgage, Sun State Home Loans, and Nationwide Direct, which themselves had each acquired hundreds of smaller mortgage companies. In 2020, Guaranteed Rate was forced to pay a $15 million fine to the United States government for committing federal insurance fraud. The company reported having $73 billion in funded volume that same year.
In 2020, Guaranteed Rate was forced to pay a $15 million fine to the United States government for committing federal insurance fraud. The company reported having $73 billion in funded volume that same year.
This is the equivalent of being fined $20.55 after you fraud your way to $100,000
I don't know where the line came from, but it was something along the lines of ”If the punishment is a fine, then it's not illegal for rich people to do it”. Or rich corporations, but already considers them people.
— Our real life has always been the parody, madame! A nation born and bred from a farce, endlessly daring itself to delve deeper into the absurd. Certainly a mentality worth adopting!
This is the equivalent of being fined $20.55 after you fraud your way to $100,000
Or being fined $0.02 for stealing $100, which is closer to an amount that I can comprehend
Instead, if a worker steals $100 out of the register, they go to jail and pay fines exceeding what was stolen
Which makes it nor a fine, but an expense
I don't know where the line came from, but it was something along the lines of ”If the punishment is a fine, then it's not illegal for rich people to do it”. Or rich corporations, but
already considers them people.
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this is my new favorite bit account
Yeah, two comments in and I already love it
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