We were all pretty outraged by predatory lending practices that caused the housing meltdown. Jonathan Kim reviews the film about the casino gambling of the banking industry.
.ReThink Review: American Casino -- Gambling on Timebomb Loans
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Said Kim --
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One thing that struck me while watching American Casino was the official-sounding terms for the tactics used to create this mess. When you hear terms that sound very technical ..., it's easy for part of your brain to shut off, especially if you already feel that you don't/can't/won't understand housing or finance. I was guilty of this myself.
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This doesn't seem much different from promoting predatory gambling in the Commonwealth that deliberately targets those least able to afford the costs, constructed on a foundation of addiction.
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A cost benefit analysis seems appropriate.
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