2006/07/17

Repo Madness

Oil price (i.e., gasoline) is predicted to hit car loans where people will stop making their payments and end up repossessed!

So people with their exotic mortgages will be squeezed from the banks and end up foreclosed, while their cars will be repo'ed. Not a pretty picture of coming economic storm....

Copyright 2006, DannyHSDad, All Rights Reserved.