IF YOU’RE LIKE ME, you’ve spent the last few days sorting through the sketchy outline of the U.S. Treasury’s subprime rescue plan and mulling the potential impact. Hey, I never said I was a swinger
We learned last week that Treasury Secretary Hank Paulson was working with the mortgage industry and major financial institutions to craft a plan to freeze introductory teaser rates on certain subprime mortgages that are due to reset higher, as specified by the original terms of the loan.
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