I had always assumed that the potential for default on risky mortgages was a problem, but I didn’t realize how far reaching it could become. Here is an article in the New York Times that explains how bad mortgages can have a dire effect on the global economy. In case you want more bad news…
Tag: loans
Payday Lenders Suck
I was just reading in the Deseret News this morning that payday lenders have filed 27,000 lawsuits in the State of Utah since 2005. In the Provo judicial district this account for 81% of the total lawsuits. It is bad enough that these places prey on the poor with 500% interest loans. It is yet…