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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?

To: PatiBob who wrote (128824)12/28/2006 1:47:15 PM
From: Alan Smithee  Read Replies (3) | Respond to of 225578
 
Weren't home mortgages right around 16% during the Carter years?



To: PatiBob who wrote (128824)12/28/2006 1:47:28 PM
From: Oral Roberts  Read Replies (2) | Respond to of 225578
 
yes and they also allowed banks to renegotiate fixed rate loans which killed the farm economy in my area. Guys woke up one morning to find that their 4% farm loans were now 18%



To: PatiBob who wrote (128824)12/28/2006 9:20:16 PM
From: sandintoes  Read Replies (1) | Respond to of 225578
 
Yes and mortgages went to 21 %...it took years to correct that one small thing he did. To this day, many department stores still charge 21 or 22% which is outrageous...considering they get their money for about 3.

We also had gas lines for miles because of the idiot.


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