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To: Little Joe who wrote (91140)12/3/2008 6:22:08 PM
From: benwood  Respond to of 116555
 
But now the gov't has direct control of inflating the housing bubble. Soon to be announced initiatives:

"We pay YOU points!!"

"125% LTV!!"

"Free PMI"

"The more you borrow, the lower the rate!"

And eventually

"-10% rate!! This mortgage pays itself off!"

The 'direct control' will of course prove to be an illusion, much like setting a big mirror on train tracks and staring into it.