Wednesday, December 9, 2009

Barbarians at the Gate

Time to get the panic room stocked with MREs and extra ammo ...

Home of Subprime Lender Targeted by Violent Robbers,0,6912762.story

NEWPORT BEACH -- Three suspects are under arrest after a violent home invasion robbery in a gated Newport Beach community -- the same development where NBA star Kobe Bryant owns a home. Two other suspects escaped.

The home is owned by Daniel Sadek, a prominent former subprime lender.

Sadek made and lost a fortune in the subprime mortgage business. Quick Loan Funding, which he founded in 2002, wrote about $4 billion in subprime mortgages before it collapsed in 2007

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