Tweet
I'm not sure what's more sad: more people under the poverty line or the credit extended which pushed them there.
A new and worse meaning to subprime lending. In fact, I wonder what the calculation using mortgage interest on evaporated housing equity would yield.
http://www.sfgate.com/cgi-bin/articl...ef=patrick.net
A new and worse meaning to subprime lending. In fact, I wonder what the calculation using mortgage interest on evaporated housing equity would yield.
http://www.sfgate.com/cgi-bin/articl...ef=patrick.net
Four million Americans would fall below the federal poverty line if the interest they pay on their credit cards and other consumer debt were subtracted from their incomes, say two economics professors who call these people the "debt poor."
Comment