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Give me an example of what's wrong in America.

Asked by Joybird (3159points) November 6th, 2010

Consider this your own little economic gripe fest. I’ll start. I went to consolidate my eldest daughters school loans because it would just simplify life for her. As I started the application process I noticed an icon for current interest rates and opened it. That created that needle dragging across the record to silence moment as I realized that in order to consolidate her loans according to the new government plans it would raise her interest rates 2.5 points. Now I don’t know about you…but that happened in a bait and switch mortgage scam that led to me sitting at a closing with a mortgage rate 2.5 points higher than discussed. It really increases the amount of interest you pay back. It’s just another underhanded way to rape the masses of hard earned money under the guise of doing good. It was my husband responsible in part for the mortgage debalacle because I asked if he had locked in the interest rate and he kept saying…yeh,yeh,yeh, because the mortgage broker was a man who acted with authority…yeh,yeh,yeh. But I see this kind of thing all over lobbied out under the guise of help. Are you really helping my kid pay off her school loans by raising them 2.5 percent? I don’t think so. And of course that goes into government coffers that gets funneled up the class food chain in one way or another.

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