I tried to email the author asking him to break that down because I don't believe him, but you have to be a subscriber to WSJ to contact their writers. That figure is smellier than a Salmon sitting in the back seat for a week. I am kept at an income level which barely qualifies for Food Stamps. $10 per month is the MAX I qualify for. He would need to explain to me how he arrived at that figure - it just doesn't fit the real world.

But I DID notice that the rest of the article pretty much sums up the point I was trying to make. Unscrupulous loan agents signing up anyone they can so they can sell the mortgages. Greedy profiteers cold calling people with loan offers and bending the truth in order to get the loan through.

by MedfordTim on 01/06/2009 11:25:05 AM EST

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