Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Always Right

Freezing rates is breaking the contract.


66 posted on 12/07/2007 7:22:21 PM PST by eyedigress
[ Post Reply | Private Reply | To 61 | View Replies ]


To: eyedigress

Yes...but so is not paying the mortgage, to be frank.


67 posted on 12/07/2007 7:23:24 PM PST by RockinRight (Rumors of Fred Thompson's death have been greatly exaggerated.)
[ Post Reply | Private Reply | To 66 | View Replies ]

To: eyedigress
Freezing rates is breaking the contract.

But it is not the fed doing this. This is the banks backing off the terms of their contract voluntarily. Terms of the contract are being altered to the benefit of both parties involved. All Paulson did was meet with banks and investors to figure out the guidelines for doing this. The banks want this.

70 posted on 12/07/2007 7:27:04 PM PST by Always Right
[ Post Reply | Private Reply | To 66 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson