newsobserver.com projects - predatory lending - Comments

Re: Miller: I was right, after all

dahedgehog — Tue, 02 Jun 2009 20:14:38 -0400

Kwak has a PhD in history and is currently a law student. He's not an economist.

Re: Miller: I was right, after all

carolmfrey — Tue, 02 Jun 2009 13:54:37 -0400

Let's all hope the congressman has the confidence to press his point successfully next time around.

Re: Cooper objects to lending bill

peterlyon — Fri, 24 Apr 2009 15:14:15 -0400

Feds trying to take over state laws?? If I remember correctly, the federal government has limited powers that are supposed to be secondary to state laws in all areas except military, foreign policy and a few other minor areas. I guess that Chairman Obie and his Socialist sponsors and his socialist predecessors have found they can violate the constitution with aparent ease in the area of social legislation as they wait until they have a Majority of like thinking Supreme court Justices in place beflre they do thier dirty deeds knowing they will be abetted by these liberals in the pursuit of a "socialistic" government!

Re: Cooper: Leave state banking laws alone

robdarich — Mon, 09 Mar 2009 15:32:39 -0400

thanks radioman, I had the same impression of our AG flaunting their great record. He seems to be missing the point with his self-analysis of great performance - given the current situation and all.

At least he's cutting down on the TV commercials. That's also something that seems contrary to doing the job (even though the script says different).

Re: Cooper: Leave state banking laws alone

radioman — Mon, 09 Mar 2009 11:59:35 -0400

CONSUMER PROTECTION LAWS IN NORTH CAROLINA, WHAT A JOKE !

Re: Green Tree

ryanteaguebeckwith — Fri, 11 May 2007 22:18:35 -0400

A good point. In this case, the Washington Post reported that Edwards was not aware that they were involved in subprime lending.

Here's the relevant paragraph:

Edwards said yesterday that he was unaware of the push by the firm, Fortress Investment Group, into subprime lending and that he wishes he had asked more questions before taking the job. The former senator from North Carolina said he had asked Fortress officials whether it was involved in predatory lending practices before taking the job in 2005 and was assured it was not.

Re: Green Tree

Johnburnsnc — Fri, 11 May 2007 17:15:01 -0400

in your stories, it would help if you would differentiate between subprime lending and predatory lending. The latter has a specific statutory meaning under North Carolina's unique statute. The former is a description of lending to a market segment.

It is dangerous and unhelpful to use the term "predatory" to describe any lender that lends to the so-called subprime market.