Friday, January 23, 2009

Predatory Lending

Government Deregulation = Predatory Lending -to the very most vulnerable people in our society. The old, the sick, the unemployed, and the people who are already poverty stricken.

The financial institutions make loans to people who can’t possibly afford to pay back the loan. And charge the borrower exorbitant fees for doing them this “favor.”

Now, what was it you were trying to explain to me about the wonders of the free market and capitalism?
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It has gotten hard to tell the difference between the bankers and the crooks. They both are looking more and more alike.
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