To: DB
Ive heard nothing of a federally mandated freeze. Have you?First line of the article:
WASHINGTON -- The Bush administration and major financial institutions are close to agreeing on a plan that would temporarily freeze interest rates on certain troubled subprime home loans, according to people familiar with the negotiations.
115 posted on
12/02/2007 11:21:15 PM PST by
JimRed
("Hey, hey, Teddy K., how many girls did you drown today?" TERM LIMITS, NOW!)
To: JimRed
Yes, all the news I’ve read says that those financial intuitions agreed to voluntarily freeze their interest rates on select loans. Nowhere I have I read that the federal government dictated that they do that.
116 posted on
12/02/2007 11:27:48 PM PST by
DB
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