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David Sirota is a political journalist and nationally syndicated newspaper columnist at Creators Syndicate. David writes about political corruption, globalization and working-class economic issues often ignored by both of America's political parties.

  • November 30, 2007 3:12 PM

    Predatory Vultures

    Flying home from my event in Oakland, I caught this on the front page of the San Francisco Chronicle. It really makes your head explode - first the predatory lenders suck people into subprime mortgages, and then when a debtor falls into a crisis, another set of vultures swoops in to make the situation even worse. Its like after wolves take down prey, the vultures swoop into to lick the scraps off the bone.

    Do these people predatory lenders have no shame?

    Posted by David Sirota
    Permalink | Comments (1) | del.icio.us | digg
    Tags: war on the middle class

Discussion

  • waltc [TypeKey Profile Page] :

    This is a variant of a old scam and its very popular here in the Los Angeles area con-artists who use it to take houses away from working class blacks and mexicans. Its caused a lot of them to lose their houses to con-artists.

    Sad thing is, the city has never passed laws to make these sorts of scams illegal.

    Never thought a bunch of yuppies would fall for it though.

    Expect a lot more of it as more folks default on their mortgages.

    Posted on November 30, 2007 9:35 PM

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