TITLE

Predatory Idiots?

AUTHOR(S)
Reiff, Rick
PUB. DATE
March 2007
SOURCE
Orange County Business Journal;3/19/2007, Vol. 30 Issue 12, p71
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the crisis being faced by subprime lending companies in Orange County, California. He questions why these companies handed out loans with no down payments to people with bad credit. He also notes that there were reports that subprime lenders were charging huge fees and interests to unaware borrowers. Furthermore, he questions whether they were just greedy or just failed to think about the repercussions of their actions.
ACCESSION #
24636541

 

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