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Essay

Pioneer Petroleum Corporation

Essay specific features

 

Issue:

Business

 

Written by:

Nancy F

 

Date added:

August 27, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

2 / 434

 

Was viewed:

5086 times

 

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Essay content:

The answer is greed and further greed. So we do we go from here now that all the bad guys had just been blown by the tornados of the sub prime scandal.Bad loans, what bad loans? Clearinghouse CDFI, based in Lake Forest California (a non-profit organisation) made $230 million in Californias' sub prime mortgages with seven foreclosures and a decent $1...
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The Lower East Side Credit Union, also a non profit organisation giving out sub prime loans had a delinquency rate on its portfolio of mortgages and consumer loans of 2.3% and no foreclosure. Another Faith Community United Credit Union, Cleveland, now have $10 million in assets. These ethical sub prime lenders were definitely showing the way on how to lend money to the 'minorities and risky folks' and still keep their earn...
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