Unformatted text preview: overpricing on the individual rooms. During the building of the hotel, many other Keating Mansions were bought, using money from the company. Keating was eventually convicted of fraud. This movie related to what is going on today in the United States, with the number of foreclosures on houses. Where I live in Illinois, there are hundreds of foreclosures, due to the slump in today’s economy. Early in 2006 when the economy was flourishing, market rates drastically lower, making houses affordable for the average family. With the decline in the economy and also because of inflation, families cannot afford to keep up with their mortgage rates, which is leading to hundreds of foreclosures this year. Through driving through once family filled neighborhoods, change is happening, and instead of looking at children playing their front yards all I see is a lone for sale sign sitting in corner of the yard....
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- Spring '08
- Sociology, Charles Keating, Lincoln Savings, Keating Five, Charles Keating Jr.