Click on the post for an interesting article in the New York Times on the possiblity of a bailout by the Federal Government of the mortgage industry.
The next question is that with the growing mortgage crisis having spread into consumer banking and student loan banking, will the Feds have to take over all that as well? The consumer never read the language. The rates on acceleration were unjust. The level of consumer bankruptcy simply skyrocketing.
That prospect would be pretty stunning...... Banks only offering drive up service and passbooks.
Tuesday, February 26, 2008
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