The financing scheme on this (short-term debt rolled over periodically for a long term asset) is simply another form of variable rate mortgage financing. How's that been working out for all those borrowers who engaged in that method? Does the word "foreclosure":strike a familiar chord? Very disappointed that the author passed up the opportunity to blame George Bush for the building controversy like his fellow travelers in the media.
Indy Week • 302 E. Pettigrew St., Suite 300, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
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