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New frontiers in economic idiocy

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Well-Known Member
Jul 6, 2010
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Maxine Waters on ABC today: The President must bring all bank CEOs to Washington and demand that they reduce mortgage rates to a maximum of 4.0 percent, and reduce the principle as well. One wonders why the banks wouldn't be required to extend similar trms to those falling behind on car loans. Then there is all that credit card debt....

And when those same banks fail because of ruinous lending policies, well there are always Tarp bailouts. Banks refuse to make new mortgage loans at government approve prices? Just pass a law requiring that they do so. See, there's nothing complicated about this credit market stuff.

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