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Politics : Welcome to Slider's Dugout
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To: Mrs. OMalley who wrote (6097)8/20/2007 12:33:50 PM
From: Broken_Clock  Read Replies (3) of 50531
 
Sorry. That analysis is so flawed I'm not sure where to begin.

It leaves out entirely how many derivatives were created and sold based on subprime. That pool is vastly larger than the subprime pool. Witness the dozen or so hedge funds wiped out the past month.

It leaves out entirely Alt A, Pay Option Arm, etc.

Rates for mortgages are driven solely by the Fed. Confidence or lack there of in the USD is a much larger factor.

You can lower rates all you want and still not be able to refi a home with negative equity...which most homes bought in 05/06 are presently at.
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