OT - The Affluent, Too, Couldn't Resist Adjustable Rates
On Sun, 23 Mar 2008 21:12:54 -0600, with neither quill nor qualm, F.
George McDuffee quickly quoth:
On Fri, 21 Mar 2008 21:25:48 -0700 (PDT), Too_Many_Tools
wrote:
There is a lesson to be learned here....
TMT
March 20, 2008
The Affluent, Too, Couldn't Resist Adjustable Rates
By JANE BIRNBAUM
snip
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They told him, "cheer up, things could be worse."
He cheered up and sure enough....
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"Pay day" loans exacerbate housing crisis
Sun Mar 23, 2008 8:15pm EDT
A pay day loan is typically for a few hundred dollars, with a
term of two weeks, and an interest rate as high as 800 percent.
The average borrower ends up paying back $793 for a $325 loan,
according to the Center.
OhmyBuddha! Whatever happened to usury laws?
--
Try not to become a man of success but rather to become a man of value.
-- Albert Einstein
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