Dangers of easy loans, who ends up paying the price?
September 27th, 2008 by adminThe banks are equally at fault for providing a loan based on limited information. As the Feds consider bailing out these banks for taking the risks knowingly, they need to provide a safe haven for those consumers who are struggling and are losing their homes as well. Some of these bankers were like wolves in sheep clothing preying on the misinformed to make a buck. The struggle remains great and the battle may seem daunting but one that we must address together to save not only the top executives but the consumer. Needing a cheap mortgage payment protection policy can not be so true today.
Posted in Finance :: Mortgage & Debt |