Law enforcement agencies haven’t done a damn thing yet, our congressman and Illinois’s two U.S. Senators haven’t gotten involved and the Journal Star editorial board has given the perpetrators a free ride.
But two bloggers have noticed, and they are making the rest of the nation aware that of the
I’m calling for lending institutions to rethink their profits and perhaps tighten credit appropriately to minimize their own losses and stop screwing people over who can least afford it.
Harsh, but true, I suspect. At the least, one would expect the government to not partner up with the predators.
The Consumerist reports that “the American dream faces a setback in Peoria.”
Ho hum, a 58-year old housekeeper who took one of the loans, “will pay $97,494 in interest on the $53,500 loan and won’t be building equity in the home until making five years of payments.†Whoopsydaisy.
I’ve also noticed a ton of hits today from the Technorati tag “Peoria Housing Authority,” so I know someone out there is paying attention or at least trying to learn more.
Related Link: Payday Cash Loans Fast cash for you
Billy Dennis is a former reporter and editor at small daily and weekly newspapers in Illinois and Missouri. He comments on media, news and politics. He also owns and operates 
[...] But two bloggers have noticed, and they are making the rest of the nation aware that of the Peoria Housing Authority predatory loan scandal. [...]
Just a thought, but could the proper authorities BE investigating, but just haven’t bothered to tell you? I know you are important, but maybe not on everyone’s speed dial.
Possible. But highly unlikely.
Thanks for the link back. I’ve been doing some research about sub-prime lending and reverse mortgages. Predatory lending is out there and folks have to be made aware of it.
Very socialist viewpoint for a capitalist like yourself. I explain in detail what I mean here.
Very good site. Thanks!
who buy houses [url=http://buy-houses.goyahoo.info/who-buy-houses.html]who buy houses[/url]