SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Sioux Nation
DJT 13.90+1.7%Jan 16 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: zonkie who wrote (88184)11/13/2006 5:17:13 PM
From: James Calladine  Read Replies (2) of 362369
 
This is a very serious matter. Should an increase in the Minimum Wage occur, it would certainly immediately trigger a huge jump in interest rates which would result in at least 50% of America's home mortgages being foreclosed by the following day.

It is unfortunate that the Fox show did not provide more details of how this works. It is functionally very similar to what is depicted on this page:

images.google.ca

Namaste!

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext