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You hear that the interest rate to borrow money is low

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-11 01:54 PM
Original message
You hear that the interest rate to borrow money is low
Its really not its around 18%...

Must of the middle class cant't get loans
unless they use their credit cards, that didn't happen
until this decade.

The Banking systen is set up for everyone to be in debt
except them
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CleanGreenFuture Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-11 02:07 PM
Response to Original message
1. And when we default, the interest rates will skyrocket and
bankruptcies will abound, with many millions more losing everything to the oligarchy.
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GKirk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-11 02:43 PM
Response to Original message
2. Most of the middle class
owns homes and should have access to a low interest rate home equity loan. I do.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-11 02:55 PM
Response to Reply #2
3. Interesting that the last decade is still alive
That a Bank will loan on decreasing property prices
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