Monday, December 10, 2007

The Original Title.....

for this link on CNN's homepage is, "Subprime mess kills equity for X-mas shopping".

So let us review; these people are already in debt enough or have bad enough credit that they are having to pay higher subprime rates for their mortgages, yet they're borrowing more money at the same rate, which puts their ownership of their house in jeopardy, to pay for holiday presents?

I'm all for generous giving, but jeopardizing the roof over your head to pay for boxes under the tree overshoots the altruism curve and careens off the cliff into foolishness.

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