Rates have been artificially held down by manipulation for decades.
That’s one of the biggest reasons we’re in this mess.
Let the market set the rates.
Capitalism requires creative destruction to burn off the deadwood. Otherwise the entire forest dies of suffocation.
Which rates?
Capitalism requires creative destruction to burn off the deadwood.
Bear Stearns, Lehman, Merrill, Countrywide, Wamu, IndyMac.....I could go on and on.
Only problem is, the socialist government is trying to takeover the market, about halfway there...don't you think? We are going from one type of fascism to another.