On my watch, the American dream won't be foreclosed by a nightmare

Dodd, Christopher J.
July 2007
Hill;7/18/2007, Vol. 14 Issue 87, p36
The author reflects on the issue concerning predatory lending's effect on Americans lives. He cited a study that estimated that predatory loan will force foreclosure on more than two million American families in the next few years, for this to be eliminated, the federal financial regulators should be responsible on protecting American families. He suggests on introducing legislation, built on the simple principles that lender should not make loans that borrower cannot repay.


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