Just had a right-winger, a banker, in my office th
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Posted On: 12/29/2017 12:46:09 AM
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Just had a right-winger, a banker, in my office this morning
Helped him settle a second mortgage for a client. Mind you, I live in rural Georgia, and may be the only liberal within a hundred miles of this place.
After the closing, he told me that his bank, a small local entity, was planning on marketing the hell out of equity lines of credit and second mortgages in 2018.
I asked him if anyone had gotten the message, that the new tax law expressly eliminates the interest deductibility on new and existing home equity loans. He looked at me incredulously, and admitted he hadn't heard that bit of news.
Huh, low-information voter. Who knew?
He offered that, perhaps, maybe, there would be some sort of offset hard-wired into the bill that would balance the scales in this regard. I told him, "nope".
He said that the bank had dropped a mint into its upcoming campaign, and that he would be conversing with the Board as soon as he got back to the office.
The bad news is beginning to trickle down to the idiots that vote GOP. We will all suffer, for sure, but the suffering of those who felt so much faux pain over the past several years and elected a bunch of fascists as their saviors is particularly delicious.
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