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To: Zakeet

IIRC, his investment is paying somewhere in the neighborhood of 14%. Not bad terms...

http://www.nytimes.com/2009/01/20/business/media/20times.html


22 posted on 10/20/2009 2:44:36 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
IIRC, his investment is paying somewhere in the neighborhood of 14%. Not bad terms...

Ahem.

That's a 14 percent adjustable rate of interest. IRRC, it goes up for every point the prime increases over four percent.

In other words, Pinch will feel a punch when Obamanomics kicks inflation in high gear.

It will be interesting to see what the scribes think of the Big Wee Wee at that time. Are they smart enough to put the pieces together? Will blind libtard bias overcome all? Stay tuned for the exciting outcome.

23 posted on 10/20/2009 3:17:14 PM PDT by Zakeet (Central Park Zoo vs. White House -- one has an African Lion -- other has a lyin' African)
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