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Loan Modification

: Mortgage Lender Implode-o-Meter

Typical "TBTF" Savings Account Paying About 0%; Avg Credit Card Interest Rate About 14%

By Implode-Explode Heavy Industries

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``Since the taxpayer bails the too big to fail no matter what, this incredible margin is like growing money on trees for these banks...'' -- And ironically this means the best way to "save" (sorta) is to simply pay off your credit cards. Which is probably what the "savings rate" statistics are showing.

Full post as published by Mortgage Lender Implode-o-Meter on August 17, 2010 (boomark / email).

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