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To: ex-Texan
The central banks are giving financial institutions whose credit rating and cashflow are not much better than family with subprime mortgages, free credit cards with a subsidised interest rate

What is a free credit card? If you consider a 5.75% Discount Rate to be subsidized when you only get 80% on your collateral and have to pay back the loan in 30 days, that's your prerogative. Doesn't mean you're right.

I'm going to be adding some intriguing information there from time to time.

I'm all a quiver.

44 posted on 08/25/2007 10:56:02 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot

Can I ask you one question, you obviously do not share our concerns for teh way the economy is going. What makes you think things are going different?


45 posted on 08/25/2007 11:21:03 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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