What Will We Stop Paying First?
James Scurlock, author of Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders and the documentary film Maxed Out, writes for the Huffington Post about the current credit crisis in subprime mortgages. He says that "as the refi cash stops flowing, it is a mathematical certainty that people will be forced to stop paying the credit card bill as well."
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