To: TopoGigio
The government would never have enough money to fix this even if they taxed us to the hilt.
To: Aquamarine
Turn all of the ARM’s into fixed rates and pay the lender/banks the difference. Our the lenders could take the hit now and lower/fix the borrowers rate now, with hopes that the default rate goes down....I don't know....maybe its to late. Lets just hope that this mess isn't the catalyst to a market meltdown.
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