Apr 28 2009
California Loan Modification Scams: Kicking the Financial Can Down the Road. SB 1137 and SBX2 7. Mortgage Cram-Downs Stripped from Rescue Bill. Loan Mods that make your Payment go up.
In another chess move to reward banks and fleece the American public, cram-down legislation was stripped out of the new rescue bill. This is significant since this was one of the keystones in the new housing agenda. Yet the banking oligarchy wasn’t pleased with this legislation and applied pressure via lobbying to get this piece [...]
Feb 17 2009
Suburb Cat Thousandaire: How Americans Lost a Decade of Wealth through Debt and Listening to the Banking and Housing Industry.
Not all that glitters is gold. And not everyone touting to be a financial expert should be regarded as such. Americans have lived in what could be considered a decade built on a debt façade. As many Americans strolled their neighborhoods, possibly taking the dog out for a walk, many suddenly would come across [...]
