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US May Back $600 Billion Of Troubled Home Loans

Discussion in 'Economics and Financials' started by joeydolfan, Oct 30, 2008.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    US May Back $600 Billion Of Troubled Mortgages - Real Estate * US * News * Story - CNBC.com


    Too little, too late perhaps? Where was this plan before they rail roaded both houses into passing the bogus bail out plan for Wall Street?
     
  2. adamprez2003

    adamprez2003 Senior Member

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    well this package is great. it wont help people in danger of foreclosure as much as it will help anyone who wants to lower their mortgage rate. just cry poverty and the banks may be willing to lower your mortgage
     
  3. mnfinfan

    mnfinfan Active Premium Member Luxury Box

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    Ha ha after my last few GDC statements maybe I should cry poverty lol!
     
  4. adamprez2003

    adamprez2003 Senior Member

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    you should. everyone should. this is the cheapest way to refinance to a low fixed interest rate. banks are going to have to show that they are doing their part and arent going to care if you are hurting or not. the window is only going to be open for a year or so, so take advantage of it.
     

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