Monday, March 10, 2008

Debt Rattle, March 10 2008

Ilargi: I think I need to do a little explaining with regards to the margin call situation mentioned in yesterday�s Debt Rattle. In particular, there are two points I want to address right now, with more to come later. First, I never said banks will force people to cough up the entire amount of their mortgage; the word �margin� in margin call refers to the difference between the amount borrowed

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