Friday, March 30, 2007

Mortgages

In reference to the recent storm of sup-prime mortgage issues, comes this quote from Marginal Revolution:

"Old definition:
A loan shark is a scumbag who charges the poor obscenely high rates of interest.

New definition:
A loan shark is a scumbag who charges the poor obscenely low rates of interest."

It's funny because it's true.

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