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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (15948)7/19/2002 5:17:10 AM
From: c.hinton  Read Replies (1) | Respond to of 36161
 
how about a policy of not foreclosing on mortgage defaults.if a currupt coe or cfo can have his home protected why cant a average joe who just got in over his head in housing debt?It would be easy,explicit fed guarentee of fanny and freddy with the stipulation that home owners, in turn, will not be foreclosed upon.It would be a politicly popular move if not an economicly sane one.in one swoop a large portion of everybodies debt will be wiped clean.