Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.
“I'm a really huge fan of the old romantic comedies from the '30s and '40s... Huge fan. I love all that stuff.”
“Private religious speech can't be discriminated against. It has to be treated equally with secular speech.”