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Mayor Frank Jackson taking Wall Street to Court.
Posted: Fri Jan 11, 2008 1:07 pm
by Jim DeVito
The city of Cleveland suing 21 of wall streets biggest mortgage lenders.
They are using the same argument they mad for lead based paint. The fact that sub-primes are a public nuisance and are having a negative impact in the community.
Wow will be interesting to see how this one turns out.
Click here to read more
Posted: Fri Jan 11, 2008 1:25 pm
by sharon kinsella
Good - I wish Lakewood would do the same thing.
Interesting article on there also about Payday Loans. They are big time loan sharks and we have one right in Marc's Plaza. They prey on the working poor and they should be run out of town on a rail.
Posted: Fri Jan 11, 2008 1:26 pm
by Ivor Karabatkovic
Payday loans fall under predatory lending. A key issue as well for DK and his camp. He's been speaking against this stuff for a long time, and everyone made fun of him.
This guy isn't a fool...
Look for more in an article to come by yours truly.
Posted: Fri Jan 11, 2008 1:37 pm
by Jim DeVito
sharon kinsella wrote:Good - I wish Lakewood would do the same thing.
Interesting article on there also about Payday Loans. They are big time loan sharks and we have one right in Marc's Plaza. They prey on the working poor and they should be run out of town on a rail.
Agreed
