the US mortgage market has come apart - and congress is now trying to negotiate a 700 billion dollar bailout - this may stabilize the market for a short time but will it work for the long run ?
the entire world will be affected - rates will rise but they cannot skyrocket - or the economies will stall and a major recession will occur.
try to payoff debts - refinance to reduce monthly outlay - will keep in touch
greygoose out.
Sunday, September 28, 2008
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