" Interest Only" Loans

I find myself completely losing faith in my fellow man. Who are the people out there who are stupid enough to take out one of these interest only loans? Don't they realize that they are doing little (or nothing) to pay off the principle of the loan? You could pay on one of these things for decades and still owe the same amount. Worse yet, many of them are adjustable on the interest rate. That means the rate will surely go up in the future. The companies offering these items must be smiling all the way to the Bank (if they aren't one) and counting on doing it for many years to come. I wonder if there is a penalty for paying it off? Wouldn't suprise me. The people that sign up for this torture are probably the same ones carrying the big credit card balances. I heard the average balance is around $16k! I owe nothing on mine, so which of you is offsetting me? Do you owe 20k or more? Do you realize how stupid that is?

Gotta love Laura Bush

Even if you don't like George Bush, you've got to like Laura. She kept them laughing at the White House press corps dinner over the weekend. Aside from being an attractive and nice lady, she seems to have good comic timing too. I wonder if George is into wife swapping? Just kidding Mr. President!