I Owe, Therefore I Am: Why Struggling Against the Banks is a Holy Obligation
…action in this country that Wall Street couldn’t resist inventing sketchy new products to induce consumers to sink themselves in infinite debt: ARM loans, obviously, but also still-riskier “mortgages” in which the “borrower” didn’t have to pay interest or principal. One lovely side note in Geoghegan’s account is the way in which he makes a famous movie villain—Lionel Barrymore’s Mr. Potter from It’s a Wonderful Life—look positively angelic in rel…
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