Thursday, December 24, 2009


One of the reasons the country is in such bad shape is greed.Large corporations in their never ending push to increase profits use their lobbyist to push legislation that hurts America ;but increases their profits.The current economic crisis was largely caused by greedy politicians under pressure from the banking and mortgage industries changing the laws so they could make higher profits.They would give mortgages to people who were not qualified at higher interest rates or adjustable rates.When the homeowner could not keep up with the payments they would just walk away.The banks would package these loans and sell them.Then you have millions of bad loans and dumped houses on the market.

1 comment:

  1. Thanks for sharing the best information and suggestions, it is very nice and very useful to us. I appreciate the work that you have shared in this post. Keep sharing these types of articles here.
    Medicinal Cannabis Clinic Australia