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Notes:
This is an excellent example of predatory lending practice using one elderly lady example. Is there any wonder why are nation is in trouble?
Notes:
Good human interest story. Superficial discussion of the foreclosure problem, with just a little background on the crimes behind the current situation.
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Notes:
Very good report using personal interest to hook the reader. The focus of the story is the effect of predatory lending on the poor. That device is used to make the part played by subprime mortgages in the economy's meltdown understandable and interesting.
Notes:
It tries to use the experience of one person to illustrate the whole mortgage meltdown issue,and pretty much succeeds.
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| Topics | Business, U.S. | Real Estate, U.S. Economy |
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Editorial
| Submitted by | Submitted by Derek Hawkins - Nov 20, 2008 - 12:09 AM PST |
| Reviewed by | Derek Hawkins (review), Dennis A. Abbott (review), Fred Gatlin (review), Naomi Isler (review), Patricia Blochowiak (review) |
| Edited by | Derek Hawkins - Nov 20, 2008 - 12:09 AM PST |
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Comments
Patricia Blochowiak wrote:
(See Full Review)
In NE Ohio, we've been in the midst of this foreclosure problem for what seems like forever. When a stockbroker tried to tell me that it would be bad, but probably be better soon, I corrected him.
And what is that other review saying about "even if it was Kucinich," as if Kucinich were insignificant?
Dennis A. Abbott wrote:
(See Full Review)
As you'd expect in the New Yorker, the writers don't point a finger directly at the Clinton administration, which is okay with me, but a negative journalistic point.
Naomi Isler wrote:
(See Full Review)
It's nice to hae a congressman get interested - how many other people lost homesbecause they didn't have one, even if it was Kucinich. And why does this kind of predatory practice keep happening in the real estate industry even years before anyone ever heard of Countrywide???