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How to hold onto your castle

When I chaired the FDIC during the Great Financial Crisis, I lived through the heartbreak of watching millions of people lose their homes because of abusive mortgage lending practices. I never want to see that again.

That’s why I wrote Princess Persephone Loses the Castle, to help children and their families understand the basics of mortgage lending and how to protect themselves against abusive practices, as I discuss in this video.

"Princess Persephone was cold in her castle on freezing Ganymede. So, when Aluminum Jim came calling to sell her tin sheets to nail onto the exterior walls to keep out the cold, Persephone was only too happy to agree to a loan and sign the contract without reading it."
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