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Reply #12: Yes please. And speaking of predatory lending [View All]

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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-18-09 11:35 AM
Response to Reply #8
12. Yes please. And speaking of predatory lending
Don't you love the semantic shifts used to disguise what goes on?

The term "predatory loans" was gentrified into "subprime loans."

"There were thousands of foreclosures last month" sounds so much nicer than there having been thousands of evictions. I'm glad Michael Moore's latest movie gave the clinical term foreclosure a much more human face. Showed those who fell for the sophisticated home equity loan bonanza marketing being evicted from their family homes.

I just learned the term "recision" this year. Friends who have had insurance on the job for years may not know the term either. It's a new way to describe denying payment to sick people who try to use the insurance they've been paying for for years.



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