ONE OF THE MOST DRAMATIC STORIES from the New Testament is of the time that
Jesus encountered money changers in the temple. Enraged by their usury and
sacrilege, he went on a tear—overturning their tables, physically driving them
out, and chastising them for converting the temple into a “den of robbers.”
The Bible doesn’t say where these bloodsucking lenders went, but now we
know: They have re-emerged in recent years to set up their tables right here in America,
working a dark alley of homeowner financing called the “subprime mortgage market.”
The what? Don’t be deterred by the finance industry’s jargon (which
is intended to numb your brain and keep regular folks from even trying
to figure out what’s going on). At its core, this is a classically simple
story of banker greed and outright sleaze. And the astonishing part is
that nearly all of the rank injustice perpetrated by today’s money
changers is considered legal and is practiced by supposedly reputable
financial firms.
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