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The answer is greed and further greed. So we do we go from here now that all the bad guys had just been blown by the tornados of the sub prime scandal.Bad loans, what bad loans? Clearinghouse CDFI, based in Lake Forest California (a non-profit organisation) made $230 million in Californias' sub prime mortgages with seven foreclosures and a decent $1.4 million profit. The Lower East Side Credit Union, also a non profit organisation giving out sub prime loans had a delinquency rate on its portfolio of mortgages and consumer loans of 2.3% and no foreclosure. Another Faith Community United Credit Union, Cleveland, now have $10 million in assets...
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Common topics in this essay:
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