[lbo-talk] Interest-only loans run amok :-)

joanna 123hop at comcast.net
Sun May 22 23:49:52 PDT 2005


Jordan Hayes wrote:


>"Interest-only loans financed nearly 70 percent of the home purchases in
>San Francisco, Marin and San Mateo counties during the first two months
>of this year,
>
Speaking of interest, read in the paper today that the average household credit card debt is 7,300.00 and that average interest rate is 16 point something per cent.

How the fuck do they get away with 16% when fed funds rate is 3%?????

Can a black man get a job like that?

Joanna



More information about the lbo-talk mailing list