AP reports that the large foreclosure mill, Steven J. Baum P.C., will close laying off all of it’s employees:
The firm’s demise began after photographs surfaced of employees dressed like homeless people for a Halloween party in 2010, which prompted Fannie Mae and Freddie Mac, the nation’s largest mortgage lenders, to stop referrals.
In October, the firm agreed to pay a $2 million fine after a federal probe. Its practices are being investigated by the New York attorney general.
It is ironic that employees may become homeless themselves but there is no pleasure in seeing them lose their jobs. Hopefully they will not have to become unemployed in order to join the unemployed in spirit and action calling for change. Unless they’ve swallowed too much Rand juice, they must be regretting their prior careless lack of empathy. I sincerely hope they find new work in a more useful and productive field.
– Iron Filing