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Donkeys and Elephants and Delegates,oh my!
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Bitter Fruit

everydaycitizen.com — Shady mortgage banking companies, financed by the bluest-chip outfits on Wall Street, calculated that they could make a lot of money offering bait-and-switch mortgages to poor credit risks (poor credit risk = middle Americans whose wages have declined).

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  • ECitizen, on 10/11/2007, -0/+0The term sub-prime is engendered with the belief that certain communities represent a lower order of customer species. As a result, sub-prime lenders justify their predatory pricing by claiming that African Americans and Latinos are higher credit risks.
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