Perhaps the Fed Needs Predatory Loans
Federal regulators did little to stop predatory lending. Ameriquest and HSBC predatory lending settlements were state-driven. I suggest to our readers the reason was because the Fed needed predatory loans. Alt-A’s (define) and subprimes were partially predatory and the Fed could not issue conflicting policy statements. The OCC only issued guidelines after the wheels fell off in 2007. The Fed needs predatory loans, risky loans, and Alt-A’s to stimulate the economy.
Thinking of making a debt settlement offer? See common settlement scams and rip-offs first or get our free widget
Call somebody about this, anywhere in the world, for FREE
