statusquobuster
Rookie
- Mar 5, 2009
- 78
- 11
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- Banned
- #1
What you hear again and again about the unfolding of the economic meltdown is that it all started with bad home mortgages. Profit-hungry mortgage brokers, banks and other financial institutions eagerly promoted various kinds of mortgages that consumers could not really afford or deserve. Home-hungry Americans took advantage of what was being pushed on them. What now is beyond belief is that those greedy, criminal elements in the private sector have continued to take advantage of the mortgage system, and the government has not prevented it. Quick defaults have received little attention. What are they? They are mortgages that borrowers do not even pay more than one payment on.
Read the rest of the my article at:
No Basis for Public Confidence: More Mortgage Missteps by Joel Hirschhorn
Read the rest of the my article at:
No Basis for Public Confidence: More Mortgage Missteps by Joel Hirschhorn