Change of credit policy hit the common man always than the rich. Whoever has taken housing loans for 7% or near are forced to pay interest to the tune of 11% which is a shocker. Either their emi will increase 20% or the loan period will increase by 20%. Is that we call economic stability? May be for the economiists, but not for the common man of our country
RE:Not good for the common man
by a sreedhar on Apr 07, 2007 03:47 PM Permalink
I fully agree with you; these economists are not born from middle class to know the impact. The decisions made in airconditioned rooms do not care for the people on streets. Other wise how can any body justify more than 4% increase in interest rates in just a span of 15 months?
