Leon Stewart
Member
- Joined
- Jan 15, 2002
<span style='color:darkblue'>David & Ray,
I saw it advertised too. You get the impression it is new stuff.
It is teased & touted as follows: "...and you will be surprised who is behind it!"
Got my attention...
David C. Johnson, Raleigh</span>
All this hype don't matter since Congress have had two recent hearings on preditory lending, and we have had one or two locally here in Cleveland, and the State Legislature is contemplating passing a law to keep local governments from passing laws (for the next three years) curbing the activities of Preditory Lenders. You have to realize that these politicians are controlled by various lending entities. The banking Industry is one of the most powerful Lobby Groups in the Country. The government has all the information they need on Preditory Lending, but if they are forced out of business, a lot of Appraisers will go with them, and don't forget these guy's live or die by inflated values.
leart3