The documentary “House Of Cards” demonstrated how corporate America swindled the average American by selling them their hopes and dreams instead of selling them their realities. Investors would offer clients, they were most likely poor, houses for extremely low reasonable prices but would boost their future mortgage rates without telling the client. Investors made all of this work by putting false information about their client’s income on official documentations. People were making millions off this scam. But when clients couldn’t make these large payments debt started to build.
Wednesday, 18 May 2011
The effect of money
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Rae reid 30
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