Libor Loosens Up: Why You Should Care

Libor

I agree. This is not good and I wish at some point the stimulus package that the knuckle heads decide on will trigger the things that will impact us the most. Guess what, if adjustables are the issue then do the things that will impact the adjustables not the long term fixed rates because that is not the problem. But if they can at the same time stabalize the fixed rates, then where they are at this present time is still pretty awesome. I also have an adjustable rate and unfortunately could not get my mortgage company on the phone to complain about the fact that they increased my payment by more than 2% in one year when it should only have had a cap of 2 per year.

If they really had a clue and spread the bailout funds appropriately with the right business economic analysts they could hedge risks, stabalize the economy and inject action in the american public pretty easily. But they are too greedy and too Political. Both sides of the fence. Not just one.

Tosh of NC @ Oct 17, 2008 14:05:16 PM