I have written a series of diaries on predatory lending. Few people seem to be a aware that GMAC owns a subsidiary called Homecomings Financial. Homecomings Financial is one of the most notorious and unstoppable predatory lenders. This company uses one of the most effective republican memes in that it is a wolf in sheeps clothing. Homecomings rushed into Louisianna after Hurricane Katrina and did some "special" financing for homeowners devastated by the hurricanes. They made big head lines with their generosity and no one blinked an eye but those of us who were busy drowing in our own private nightmares with Homecomings Financial. So here's the deal, GMAC wants some of that bailout money. They want the United States of America to insure their predatory loans. http://online.wsj.com/... Wolf in Sheeps clothing. They want you and I to help them screw me and you!!
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