A Financial Lesson Plan
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JOHN B. WINNE
is president and CEO of the Boston Firefighters Credit Union. |
By John B. Winne
Much has been written lately concerning the number of subprime and nontraditional loans, as well as the terms of these loans that have been written to borrowers who lack the knowledge, understanding and financial acumen needed to successfully utilize these instruments. As a result, there is certainly a direct correlation between this type of lending activity and the increasing rate of foreclosure activity on both a local and national level.
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