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View Diary: The terrifying implication of the LIHEAP cuts? Thoughts from a WH Call (186 comments)

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  •  I can't speak to Missouri (4+ / 0-)

    But in MA, the programs are financed with [some low percentage rate] loans through the banks. But the banks simply aren't lending.

    We tried to help my Dad get a loan, and despite a very clear and reliable monthly income from his IRA and Social Security, they would not lend him a penny to weatherize his house and replace his failing furnace, which would result in lower monthly expenses exceeding the monthly loan payments. However, they were very happy to offer (persistently) to "allow" him switch an existing 3% fixed-rate loan he had taken for the roof to an adjustable-rate interest-only 6% loan.

    The entire banking system in this country is one big boondoggle of predatory corruption and waste.

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