Corruption behind the real estate debacle? I'm shocked. Shocked!
Oh, nearly forgot the important part: it was all apparently based on totally false info, says the Associated Press.
Back story time: The California Department of Real Estate claims the former agent "made false representations to lenders in order to secure nearly $11 million worth of mortgage loans," says the A.P.
Front story time: Because of this, some 23 properties defaulted.
Rest of the story time: The truth is, this one real estate agent was just one of many who played this game -- especially in states such as California and Nevada and Florida, where the housing bubble burst so badly, sentient beings on galaxies far, far away no doubt recorded the sound as proof of the Big Bang theory.
Everyone wanted to make a buck. Push those houses. Push those loans. But, as we all sadly know, came a time when everything started to push back.
It's still pushing as we approach a new year.
Charles Feldman is a journalist and media consultant and co-author of the book, "No Time To Think, The Menace of Media Speed and the 24-hour News Cycle