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.
To: TopoGigio
Lets just hope that this mess isn't the catalyst to a market meltdown.Not to worry. There will be a One World currency backed by gold (wink, wink) that will come along to fix all our problems one day.
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