| WATCH OUT PREDATORY LENDING!
Posted: 10/9/2008 4:59:11 PM | Who really was making the money?
The mortgage broker? Everyone involved in a Refi every two years? Churning. building a credit bubble, over extending the entire country. The number is around $15K, eight cards on revolving credit in the US .... a Negative savings rate. Income with NO growth. Flippers, and The Refi people were only tools.
$70 million bonus and stock options....
The TRILLIONS and 45% LOSS on stocks this year were not LOST....
A few have done much better that most. They have found what has been LOST. | |
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