Comm 281 5 - 24. How did the bankruptcy reform law signed...

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24. How did the bankruptcy reform law signed by Bush just weeks before Hurricane Katrina affect victims of the disaster? Because it specifically ruled out floods as grounds of bankruptcy 25. Who are the two largest contributors to political campaigns in America? Financial institutions and real estate developers 26. What is the leading profit engine of the banking industry? Credit card industry 27. What sort of financial “institution are you more likely to find in poor neighborhoods than traditional banks?” Check cashing stores and tax rebate joints 28. What does the “rent-to-own” phenomenon involve? 29. Over the past 20 years, what have banks discovered about poor people whenit comes to debt? The poor are honest and the only ones that believe they should repay debts 30. What have the banks that issued homeowners their original mortgages been doing with these mortgages over the past few years? They’re selling these mortgages into the secondary market through wall street into securitization
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This note was uploaded on 12/30/2009 for the course COMM 287 taught by Professor Sutjhally during the Spring '07 term at UMass (Amherst).

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Comm 281 5 - 24. How did the bankruptcy reform law signed...

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