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SubPrime Prophet? How He Made $2.3B Off Underwater Mortgages

Soon after Bill Erbey and his wife Elaine moved last year to St. Croix, in the U.S. Virgin Islands, they ran up a $2,000 electric bill. They turned down the air conditioning in an effort to cut costs and Erbey, who is 64 and overweight, sat around sweating.

via Bill Erbey Made $2.3B Off Your Underwater Mortgage – TheStreet.

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