A follow up to our entry about mortgage modifications: Roger Lowenstein’s report in the NYTimes has caused a great stir in the blogosphere and among radio pundits. We (rightly) have a moral expectation of those who borrow wealth (be it money, our cars, or our favorite tool in the shed). Yet many folks are simply […]
We are all too aware of how the debts in this country have grown beyond manageability over the last 15-plus years. Democratic and Republican administrations have allowed banks and financial services to write and rewrite their own terms almost at will, and too many customers accepted too-good-to-be-true terms without the necessary due diligence.