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Old 12-04-2008, 12:10 PM  
tony286
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Join Date: Aug 2002
Location: atlanta
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Quote:
Originally Posted by Slappin Fish View Post
It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.

Credit is starting to "unfreeze", mortgage rates are dropping :

http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney
from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.
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