Near the end of a recent article in the Financial Times, entitled Treasury secretary rebuffs finance reform critics in Congress, I came across this lovely bit of absurdity:
What's that you say? Your lender misled you into signing a loan you couldn't afford, which caused you to loose your house and sent you into bankruptcy? Don't worry, Uncle Sam is gonna give you enough money fill-up your gas tank...at least halfway!
(Of course, some people may have received more than the average amount...but that only means others got less. Go Team Obama!)
In a White House ceremony on Wednesday, Mr Obama said the CFPB had already managed to get back more than $400m in refunds from “unscrupulous lenders” for “6m Americans”.Alright children, everybody take out your calculator. 400,000,000 divided by 6,000,000 is what? That's right $66.67 !
What's that you say? Your lender misled you into signing a loan you couldn't afford, which caused you to loose your house and sent you into bankruptcy? Don't worry, Uncle Sam is gonna give you enough money fill-up your gas tank...at least halfway!
(Of course, some people may have received more than the average amount...but that only means others got less. Go Team Obama!)
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