A Billion Here, A Billion There!
By Bob Alexander
Less than intelligent politicians in Washington, DC are plentiful and to some extent acceptable. When they do something smart however, it’s time home equity line of credit vs 2nd mortgage to acknowledge that feat. CEO’s of multibillion dollar companies on the other hand, are generally considered to be a step up from normal intelligence, if for no other reason than they are given huge salaries. From what has been transpiring in the nation’s capitol lately, even politicians are calling some of their antics dumb. Now that’s ironic!
The action started when congress suddenly discovered that there was no money left in America’s banks, something we on Main Street had known for quite a while. While neighbors up and down my street have had to put “For Sale” signs on their front lawns because they had Adjustable Rate Mortgages that in many cases had doubled their house payments. Many Washington politicians were still in the dark about our country’s economic peril. home equity line of credit vs 2nd mortgage