So we have "fixed" the banking crisis but at the expense of the economy. These higher mortagte rates will certainly cause significant problems with a recovery in forclosures, housing and the economy in general. Will the government subsidize mortgage rates as part of stimulas plan? Maybe, now that they control Fannie and Freddie in addition to FHA and VA. I think it is a better idea than giving another cash give-away which is on the books now...
Mark Peterson of OR @ Oct 17, 2008 11:44:36 AM
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