Schumer: Can’t Expect Folks To Read Their Mortgage Contract

31 08 2007

This is really ominous - Senator Schumer proclaiming, aww shucks, you really can’t expect folks to read their mortgage contracts. Hell, if a guy making $40k a year wants to finance a $750k house with a reverse-amortization loan, that’s his God-given right as an American - and we taxpayers ought to step up and protect him from his own stupidity, no?

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Date : 31 August 2007
Categories : economy, politics, society

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