Wednesday, December 29, 2004

Taking Advantage of Veterans and Taxpayers

Veterans in need of quick cash are signing over their pensions to financial service companies. The deals amount to loans with -- in one case at least -- 56% interest. The companies think they've found a loophole in the law allowing them to take the pensions -- but federal judges are ruling that the plans are illegal. The companies are still in business. (NYT)

No comments: