Following is an electronic copy of the Friday 13th Wall Street Journal Review & Outlook, titled “Of Bernie and Bonuses.” The third paragraph states “At one end of his trail of victims are people of modest means who misplaced a natural instinct to trust. Their losses shock and madden everyone. At the other, among the Madoff “feeders” such as Fairfield-Greenwich Group or Banco Santander, one finds, at best, a horrifying collapse of due diligence.”

The Journal nailed it when they said the problem was “a horrifying collapse of due diligence.” That summarizes the core reason for the entire economic meltdown. Due Diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care. It is the gathering of information, and information is the vital food needed for making all decisions.

That is why NetGain has spent the time to develop the #1 due diligence program affecting income property on the Internet. For further information also see “Why do some real estate due diligence items outrank others?”, “Due Diligence 101 for Real Estate Investors”, and 21 other articles regarding due diligence for income property.

Read the WSJ article: Of Bernie and Bonuses