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It’s Not Just Sub-Prime, It’s Credit And Debt Everywhere
chickensmith.wordpress.com — What we’re experiencing is a credit problem on a grander scale. Whether it’s sub-prime mortgages, re-finance, auto, credit card, or even student loans, the interest rates have been too low not to take advantage of. When the rates go up and the bills are due, that’s when defaults, bankruptcies, and foreclosures happen.
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