Tag: adjustable interest rate

Here’s how we know Wall Street needs to be behind bars

Sometimes when I look at everyone involved in the mortgage scam I get a headache. Everyone at almost every stage of the process was trying to rip off the American consumer. We have the mortgage lender who was changing mortgage applications to get Americans who were not qualified for mortgages qualified. First lie. Then we have those same mortgage lenders telling Americans that they have fixed mortgages, when in fact they had highly adjustable interest rate mortgages. Lie #2. These lenders would then sell those mortgages to Wall Street. Wall Street would package the mortgages into securities which were sold to

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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