Sowing Grief: Depositors Fight for Their Money
Walter Davis was shrewd. Echols makes that clear from the start of this chapter. He set up a holding company called Fleming and Company, named after his handyman, to shuffle foreclosed properties around and keep bad debts off his books. He acquired thirty houses and commercial buildings in the Springs, fifteen houses and an apartment building in Pueblo, and more in Denver. All built on other people’s misery through foreclosures.