DogSolitude

“I felt like a punk who’d gone out to buy a switchblade and come home with a small neutron bomb. Screwed again, I thought. What good’s a neutron bomb in a streetfight?”

Posted on: December 5th, 2008 Me

Under a plan that top Treasury officials are weighing, the Treasury Department would underwrite tens of billions of dollars worth of 30-year, fixed-rate mortgages at rates far lower than most Americans have ever seen.

…

But the cheap mortgages would be available only for people buying houses, not the roughly 50 million families that already have mortgages and would want to refinance at a lower rate.

Washington’s New Tack – Helping Homeowners – NYTimes.com.

Filed under: Politics