Reporters that work for alternative newsweeklies like the Reader do not make enough money to purchase a car, much less a home. I know, I was one. Which is why the reporter appears to side with the “victims” who did not read their loan documents or do any research prior to entering into those contracts. Many people that become “reporters” have problems understanding math and financial issues, so it’s no surprise that the reporting is shoddy, ill-researched, and simply doesn’t make sense. You can’t expect someone who makes $10/hour plus a free gym membership to actually get the facts straight.
I am about as liberal as you can be and this story completely disgusts me. What is so difficult about reading that stack of loan documents before you sign them?
