Trish Wilds

FBI Investigates Victims of the Financial Fallout

Great article! Please write another on the other reasons our economy is in the toilet. Not only were bad loans given, about the same time these mortgage arms started coming due and causing higher interest payments, our government passed the law that we now have to start paying approximately a minimum payment of 2% monthly on our credit cards and also gas prices started to increase along with groceries starting to increase. All of these bad loans are not only due to misguided and manipulated underwriters. It was all of this put together at once that started it. Can you imagine having your house payment increase from $1000 to $1500, gas is now costing you $200 more a month and groceries are now costing you $200 more a month when you are on a fixed income? What's more important, food and toilet paper or your house payment?