Subprime Is Not Sublime
Monday, February 18th, 2008You’re listening to K-YOKEL Radio, 1298.9 on your FM dial, where we cover the world from a 5×5 closet. Today’s breaking news is the subprime mortgage crisis that’s gripping American financial institutions. In the studio today we have Elwood from Lucretia’s Loans and Tonic Remedies.
So Elwood, tells us about your business.
We loan money out of Lucretia’s garage — mostly house loans. Our motto is, “We lend you money, even if your hog’s neutered.”
That policy would seem rather risky. You must have a screening process.
We don’t check up on folk’s private affairs; the bad eggs are easy to spot. Maw always said, “It don’t take a genius to spot a goat in a flock of sheep.” Plus, who has time?! Those adjustable rate home mortgages are hotter than moonshine. (more…)