HP REPOST: A&E Programming Note: "Flip This House" name change. Now "Scam This Country"

I've gotten tons of email and posts today about the A&E Flip This House scam, because yahoo and the AP finally ran a story (weeks later). So here's the repost. HP also got mentioned in the Kansas City Star on this subject. Nice to see the MSM chasing their tail (and the blogs).

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I'm sorry. I thought today was May 16. I didn't realize it was HousingPANIC Christmas! The gifts just keep coming!

Fox News Breaks "Flip This House" Case

If you ever wanted to know whether the real estate investors who say they make a lot of money are telling the truth or not, don't expect to learn it by watching A&E's "Flip This House."

In a stunning investigative report, Fox News Atlanta actually did their homework and found out that Sam Leccima, one of the 'stars' of the popular Fix/Flip weekly show had been involved in staging phony transactions, performing shoddy renovations, and, in the most bizarre bit of fakery, planting and un-planting landscaping for the cameras.

Mr. Leccima, when asked about the allegations, responded, "It's a television show."

Fox Atlanta also poked fun at A&E for not even bothering to check that Mr. Leccima had recently had his real estate license revoked by the Georgia real estate commission, before the show began airing, and now may be under investigation by the Georgia Attorney General for securities issues.

HousingPANIC Really Politically Incorrect Stupid Question of the Day

How many men in America bought homes (condos especially) in the past few years quite frankly to score with the honeys?

What percentage of 'em believed those great homebuilder marketing photos (more wine anyone)?

How many women hooked up with new-luxury-condo-owner-guy thinking he was the big cheese for buying that new two bedroom $800,000 condo (not knowing that any joe blow could score a no-down, interest-only, no-doc, teaser-rate, liars-loan mortgage) and driving that new Porsche Cayenne (thank you no-down auto lease or cash-back at closing scam!)

And finally, what happens when the guy now files for bankruptcy, loses his new condo to foreclosure, and has to give back the keys to the Porsche?

Ahhh.. the American Dream... And the confusion of America, where debt is now seen as success, and saving money is uncool.