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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (421442)	10/1/2008 4:32:11 PM
From: HPilot	Read Replies (1) \| Respond to of 1576338

It ain't going to help car sales! Car sales are down because so many are in or about to go in default on bad loans. Strange thing about sub prime mortgages is if you can't easily pay the loan the interest is up and you really can't pay it. So people don't buy new cars, some even sell their old cars to get rid of that payment and buy a beater to pay the mortgage. Paying off Fannie Mae isn't going to help these people pay their debt. It would be better if congress payed half these people's interest rate, not the principle. That way they take some responsibility, they can pay off the mortgage, the banks don't have to foreclose and make a profit, and both homeowners and bankers buy cars.