Quote:
Originally Posted by Stu from NYC
This is why private industry does a better job than the govt.
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I agree in general but in this case private industry is using the government to guarantee receipt of huge profits at taxpayer expense.
My heart goes out to the feckless homeowners who were talked into taking out reverse mortgages by slick talking salespeople and ended up losing their homes to foreclosure, in many cases leaving them destitute as their homes were their primary asset.