If you're wondering how could this happen the President can give you 20 million reasons. Members of Banking Housing and Urban affairs committes give another 19 million, altogether The Financial Institutions, Insurance and real estate Institutions all gave over 229 million to help our elected officals. It's not just about Fairbanks it's about politics too.
In Tennessee once again the elected officals went home for the summer without dealing with predatory lending mainly because the banking interest groups helped make sure nothing happened.
Please keep this in mind come election time. Who is pushing ARM loans and who fed you the line of crap that a 12% loan to people who have credit problems was a good thing. Think about it, does it sound like organized crime or not. So you're already paying 8% more for your loan now you need PMI insurance typicaly 10% per month on your loan payment.
We need to fight the system that lets this happen. Stop thinking it's OK to charge this much because your credit isn't perfect. They have gotten you to believe their crap for to long. The Liberation Army against The Predatory Lenders.
Liberation Army, Tennessee
U.S.A.
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