Predatory lending practices

August 20, 2008

This is a very good 9 minute summary of what happens when governments look the other way.

In this example, it the U.S. subprime mortgage market which has reached over $1-trillion. It is rapidly causing a worldwide recession.

  • The mechanisms used in the U.S. mortgage industry (predatory lending practices: loan pushing, sales agents, etc.) are routinely seen within the franchise industry.
  • The exact same process was used in the +$84-million Blue Chip fraud in New Zealand.

If these financial practices have affected your family, I would suggest you take the action as suggested at the end of the video.

Thanks to Loan Sharking – Creditoris Squaliformes for posting this.

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