Part 4/7:
However, the narrative takes a critical turn as they reveal that James herself has allegedly been engaged in mortgage fraud for nearly 25 years. According to the speaker, James falsified her property applications—claiming to be married to her father—to qualify for better mortgage rates, exploiting loopholes within New York’s rent stabilization policy. These policies, designed to limit rent increases, are criticized for inadvertently discouraging necessary property maintenance, but the speaker frames James’s alleged manipulations as emblematic of systemic corruption and hypocrisy within the political elite.