2 ms·
The headshot is my favorite: http://davidsimon.com/kwame-brown-another-federal-case-another-head-shot/ http://davidsimon.com/kwame-brown-another-federal-case-an
by seanp2k2 9y ago
The headshot is my favorite: http://davidsimon.com/kwame-brown-another-federal-case-another-head-shot/ http://davidsimon.com/kwame-brown-another-federal-case-anoth...
TL;DR they can get you good for taking money from your parents to buy your first house, which most people in the US do.
- astebbin 9y agoMost people sounds like overstatement. Personally the idea, "to give your child any money as a loan and then let the child claim those assets as his or her own income or saving [...] in support of a loan application," strikes me as obvious fraud. Without data, I would doubt that most homebuyers follow this practice. I think the author's argument wasn't that this practice is not or should not be a crime, but that the potential criminal penalty - 30 years! - is far too high.