This is exactly what I was talking about the other day. We’re being setup by the financial and banking industries to frame the discussion of reform in terms of a race war rather than finance.
Daily Archives: September 22, 2009
How many of you have paid PMI when you bought your first (or second, or third) house? Remember this? It is the insurance you pay if you don’t have a big enough down payment and it protects the lender in case you default.
Whatever happened to that money? There have to be hundreds of billions of dollars of PMI premiums collected over the decades. Where has it been going?