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Friday, September 14, 2007

Reminder from the mortgage industry layoffs

Washington Mutual has become yet another company in recent days to announce layoffs due to the current subprime mortgage crisis. H&R Block's Option One, CountryWide Financial and many other mortgage firms have already laid off many workers. An important reminder from these layoffs is the importance of having adequate emergency funds. Whether its layoffs, car problems, sickness or other problems, emergencies may happen any time. While such situations can be depressing, with some cushion in the form of emergency funds, they don't have to be defeatning.

posted by Ruby @ 6:50 AM

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