random notes

Thursday, March 06, 2008

``We're seeing people give up even before they get to the reset because they couldn't afford the home in the first place,'' said Jay Brinkmann, vice president of research and economics for the Washington-based trade group.

... hey, I have an idea, convert by law the rate of all loans to fixed rate, and pose a "usury prevention" cap of 3% over the prime rate and a "usury prevention" cap of 3% of the payment amount not compounded, as "total maximum collectable fee", and the foreclosures and credit defaults will reduce to an acceptable rate ...

... hey, I have a second idea, increase the rights of workers in relation to their jobs, and the foreclosures and credit defaults will furtherly reduce to an acceptable rate ...

... if you want to keep that type of bycicle, then you have to pedal ...

amen

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# posted by intcoex : 3:44 PM

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