steven787 on 18 September 2008
Oh, and raise the GD interest rate. No body is borrowing or landing anyway. An extra 1% isn't going to save anyone's home on an adjustable rate mortgage.
This will allow banks to see some money they need right now from people who are paying and will pay.
BTW, I don't feel it is totally the homeowners' faults. The President, the Fed Chief, and their bankers were all encouraging people to borrow more, put down less, and take adjustable rates.
People look to these people for advice. They did not get honest or good advice.
I would cite regulation, but I know you will simply ignore it.
