us treasury department: What has the "COP" been up too? - 06/15/09 10:32 PM
When the U.S. Treasury was given the authority to spend $700 billion to stabilize the U.S. economy, Congress created a Congressional Oversight Panel (COP) to "review the current state of financial markets and the regulatory system." In December 2008 I did a post titled ACCOUNTABILITY - What will the U.S. Treasury do with $700 billion? where I encouraged everyone with a story to tell to go to the website and let their voice be heard. (Please click on the link above to read previous post) The COP (Congressional Oversight Panel) has kept their website up to date with all of the
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us treasury department: Lower the Interest Rate to What?!?! - 12/04/08 06:15 PM
4.5% ?!?!? HAVE YOU HEARD ALL THE BUZZ ABOUT THE INTEREST RATE? Now bear in mind that I am not in the Mortgage Industry but it seems that there has been some interesting news(no pun intended) going on today about the interest rate going to 4.5%! According to the Wall Street Journal the US Treasury Department is in the developmental stages of a plan working with Fannie Mae and Freddie Mac to encourage banks to lower their standard 30 year fixed rate mortgages to 4.5%. According to the Primary Mortgage
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