by Ted Rudow III,MA
Thursday Sep 20th, 2007 3:40 PM
Americans with less-than-stellar credit, customers were people who may have been late on credit card payments, maybe even filed bankruptcy in the previous years, but still wanted that shot at the American dream: a home of one's own. Lenders, flush with cash and eager to exploit new markets so they could, in turn, lend more money and increase their profits, were only too happy to oblige.
Four of the five metro areas expected to experience the highest foreclosure rates for subprime mortgages originated in 2006 are California cities. They can't seem to get over the "American Dream, but the Capitalistic financiers of the world, they don't want to lose their investments.
So the money "pimps" get together and agree to support her dollars when she's sick and not earning them any money.They think she's going to get well again, and they don't realize she's just going to die, and they're pouring their money down drain! They have been making money from her hire, and they've been investing in her wages, but her wages and dollars are going to turn to ashes.
"For thy merchants were the great men of the Earth, and by thy sorceries (the deceitfulness of riches and the witchcraft of wealth!) were all nations deceived!",Revelation 18:23b
Ted Rudow III,MA