Ben Bernanke’s Christmas Gift: Mortgage Refis

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what difference does it make? Congress already approved $100's of billions for the banks with absolutely no control over how it is to be spent (while posturing about the paltry few billion the automakers are asking to BORROW, not take). Subsidizing interest has got to be far cheaper.

ann onymous of MI 1:52PM December 04, 2008

Who is going to take the lenders' loss on 5.47% mortgage rates when reality has been telling us for years that they should be nearer 8.00%?
Sounds to me like Peter and Paul (from the adage, not the Bible guys) still don't know their proper relationship.

of 12:05PM December 03, 2008