Wednesday, September 24, 2014

American deadbeat

Zero Hedge: "Meet the world's largest subprime debtor."  "Do you have a friend who consistently borrows 30% of his income each year, is currently in debt about six times her annual income, and wanted to take advantage of short-term interest rates so that he needs to renegotiate with his banker about once every six years? Well, if Uncle Sam is your friend you do!"

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