From my friend with his line of credit interest rates.
The GREED JPMorgan is extracting from NJ is bloodsucking!
These bastards were saved by the taxpayers, they have no sense of justice or fairness. clo
Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding
The loan would cover bills the state will need to pay as its new fiscal
year begins July 1. Normally, states have some cash available as they
finish one fiscal year and begin the next, while gearing up for a bond
offering based on the new budget..
The terms of the loan (a.k.a line of
credit) would be near 9%.
FYI, I have an unsecured $100K line of credit with Schwab that has an
interest rate of prime less 2%. If I were to draw on it, my interest
rate would be under 3%.
http://online.wsj.com/article/SB10001424052702303627104576412172854764168.html
DO SOMETHING!
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