View Single Post
  #100   Report Post  
Posted to rec.crafts.metalworking
Hawke[_2_] Hawke[_2_] is offline
external usenet poster
 
Posts: 658
Default OT - The Affluent, Too, Couldn't Resist Adjustable Rates


"Larry Jaques" wrote in message
...
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
===========
They told him, "cheer up, things could be worse."

He cheered up and sure enough....

==========
"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?



The financial sector didn't like them. Elect a George Bush and it gets what
it wants. Pretty simple, really. They send their lobbyists to see republican
congressmen, they pay them, they do what they want. Why else would they want
republicans elected?

Hawke