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Politics : View from the Center and Left
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To: JohnM who wrote (187731)4/27/2012 11:15:23 PM
From: Bread Upon The Water  Read Replies (1) of 542967
 
I don't really need to know, but with housing loans so low (less than 4 per cent) it would seem it wouldn't matter that much (As I understand it the Banks are paying the Fed almost next to nothing for their money). Of course these are unsecured loans with no asset to seize their if the loan can't be paid off--maybe that 's the difference and why are higher rates are needed here.
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