Non-Tech
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Predatory Banking and the Housing Crisis
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| An SI Board Since July 2008 |
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I created a report about a predatory banking practice which is taking $30 Billion out of our economy.
Here's the first paragraph. The following link provides detail:
A Simple Predatory Accounting Policy provides windfall profits for Banks at the direct expense of struggling homeowners. Never before has this deceptive practice been more destructive than in the face of escalating home foreclosures and on the Eve of the 3rd major down period in US History. Recent reports suggest that Foreclosures increased by 121% over the past year, and there's no end in sight. This Banking Practice increases the rate of Home Foreclosure and creates an avoidable strain on our Economy.
Here's the rest:
stocktradersdaily.com
Let me know your questions.
Good trading.
THK
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