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Mortgage rates freeze - a bad decision?

Thu Dec 6, 2007 01:12PM | By Tony

See more in Personal Finance | Permalink | Email | Comments (0)

The deal is imminent to on mortage rates on sub prime mortgages. Here are the details of this mortgage bailout. Why understandable on a personal level that loosing a home is not very pleasant, is this a solution or just a temporary measure which will lead to more problems? One Wall Street blog calls it convoy to disaster.

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