Roll Back the Interest Rates

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At www.truthout.org

However the reason the Mortgages are defaulting en masse is not primarily because the homebuyers took on too much debt, although that is a contributing factor. The real problem was the Adjustable Rate Mortgages, (ARMs). The big bailout option doesn't fix the problem, it only converts the problem to national debt.

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At www.truthout.org


 

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