'he could borrow against it to pay down debts.'This is why this...

  1. loric
    2,710 Posts.
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    06/09/11
    09:04
    Post #: 8920438
    'he could borrow against it to pay down debts.'

    This is why this government is hopeless at managing the economy. How can you borrow money to pay down debt? You still have the same level of debt except you have added more bank fees paying off the original loan and paying for the new loan.

    Economic illiterates.

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