Debt Peonage Update: Making Home Unaffordable
…l I wrote a longer commentary here on Tom Geoghegan’s apt observation that today’s bankers aren’t like the bankers of old who actually wanted to see loans repaid. Peter Goodman’s report today confirms yet again that we are in a bold new era of usury that no amount of windowdressing can fully conceal. The business pages this week have been filled with silly stories on tiny signs of life in the housing market, whereas the big story—the millions of d…
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