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Reply #26: A "money-honey" just said that people pulled equity out to the tune of $40B a MONTH [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

SoCalDem

(1000+ posts) Send PM | Profile | Ignore

Sat Mar-08-08 01:30 PM
Response to Original message

26. A "money-honey" just said that people pulled equity out to the tune of $40B a MONTH

for 10 months..and now they are out of equity, and have only credit cards to turn to.. and because they cannot spend, THEY may end up "hurting the economy"..

Hell.. I have been saying this ever since people started all the re-fi/equity stuff a few years back..

It's NOT rocket science..

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