http://www.bloomberg.com/apps/news?pid=20601109&sid=an3k2rZMNgDw&refer=home
thing is... why do ppl need to borrow at all mewonders??
thing is... why do ppl need to borrow at all mewonders??
U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
- Thread starter 2cents
- Start date
How much longer can Paulson's ammo last?
It's about time that Paulson finally implements a policy that will allow the likes of Fannie and Freddie to borrow money at lower rates.
After "nationalizing" these two entities the Treasury failed to explicitly guarantee them. As a result, they couldn't compete with others for market rates.
This has been going on for weeks now, until today when the Treasury announced that they would FINALLY be purchasing mortgage-backed securities.
As a result of today's actions, mortgage rates have dropped an incredible 1/2 point.
It's about time!!!
After "nationalizing" these two entities the Treasury failed to explicitly guarantee them. As a result, they couldn't compete with others for market rates.
This has been going on for weeks now, until today when the Treasury announced that they would FINALLY be purchasing mortgage-backed securities.
As a result of today's actions, mortgage rates have dropped an incredible 1/2 point.
It's about time!!!