I worked in the sub-prime debt commercial operation for the time, many of those who “refinanced” EVERY TWO YEARS were some-more abundant white people who were receiving $$$$$ out of the equity in their homes to financial their gluttonous, over-indulgent hold up style. Those have been the same people whose homes have been being foreclosed upon now.
People if we do not hold this only go to Yahoo’s genuine estate territory as well as lift up “foreclosures”. Look in the many abundant neighborhoods. You’ll find implausible foreclosures upon MILLION DOLLARS homes!!!!
I call it the “Ed MacMahon” syndrome!
Ok Leanne, though what do we call people who have $200 the year BUT need to take the equity out of their home to compensate for all their cars, their million dollar mortgage, their boat, etc, etc? Yeah, 200K the year as well as they couldn’t have ends meet! They lived similar to they were creation 500K upon their credit cards as well as home equity.
Joyce….You bad brainwashed fool, yeah Republicans have been lily white. What I unequivocally wish to see is all the rich, incorrigible Republicans in prison.
