Why is Obama considering the Mother of failed sub-prime lenders for Secretary of Commerce position?
Obama not a natural born citizen asked: Penny Pritzker, the Mother of subprime lenders, former owner of the seized Superior Bank is on Barack Obama’s short list for Secretary of Commerce.
I am sure all those customers she screwed are thrilled. She was a failed subprime lender who set the tone all the way back to [...]
Subprime Mortgage Lending - Pieces of the Puzzle
Jane A. Smith asked: The “prime” rate is the rate charged by all banks in the country. The prime rate doesn’t change regularly or often, only when 75% of the country’s top 30 banks decide they need to change it. People who have a decent credit rating are usually given mortgage and other loans at [...]
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