Loan Sharks Wreak Havoc on Main Street and Wall Street

Jim Hightower writes for Hightower Lowdown: "This is one of those economic stories, like the savings-and-loan scam of the 1980s, that are usually buried back in the business section of newspapers. But, just as with the S&L collapse, this debacle is growing too big to contain, and all of us need to be paying attention. The built-in traps of the subprime mortgage market have already taken the homes of more than a million people in just the past year, and the dangers are quickly rising for millions more."

http://www.truthout.org/docs_2006/082307E.shtml



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