People come to this blog seeking information on Albinism, the Miller kidnapping saga, the Duggar adultery scandal, Tom White's suicide, Donn Ketcham's philandering, Arthur and Sherry Blessitt's divorce, Michael Pearl's hypocrisy, Barack Obama's birth, or Pat and Jill Williams; I've written about each of these at least twice. If you agree with what I write here, pass it on. If not, leave a comment saying why. One comment at a time, and wait for approval.
Counter
Pageviews last month
Saturday 11 November 2006
Generous Paupers
I can't remember who it was who said that if all the money was taken away from the rich people and given to the poor--provided that it was only a one-time deal and everthing else was kept the same--within a year the rich would have it all back. The poor would have spent every dime.
Today's story, about poor people who were given a 0% mortgage by Habitat for Humanity refinancing it with a 16% home equity loan, are a prime example of the truth of that statement. Two percent of HfH's 0% loans end up in foreclosure after being transferred to predatory lenders.
Poor suckers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
One comment per viewer, please--unless participating in a dialogue.