Monday, July 28, 2008

Big Clarksville Developer Does His Part to Exacerbate the Housing Crisis

Bill Mace stands accused of taking part in a scheme in which checks homeowners wrote intending to pay off Mace's construction loans were instead used to fund his other developments. His alleged fraud means bank liens for his customers.

Now explain to me again how this is all going to wash out in an unregulated market.

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