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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (394)1/2/2008 12:11:06 AM
From: JF Quinnelly  Read Replies (2) | Respond to of 621
 
"It seems that politicians are lined up to rob savers and lenders and already they have done some sort of ARM-freeze although things have barely got going"

It's more of a pretense at an ARM freeze than anything. The government can only suggest that the lenders freeze the terms, they can't do anything to force it unless they want to tell the entire world that contracts are now meaningless here.