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Roll Back the Interest Rates

Quicklink submitted By       Message Margaret Bassett     Permalink
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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.

Read the rest of the story HERE:

At www.truthout.org

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