Real estate blog entries tagged with stock market credit debt subprime interest rates consumers equity mortgage loans bush henry paulson by Christy O'Connor (Oconco Marketing, Inc.)

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Home : Blogs : Christy O'Connor : Christy O'Connor's Blog : Tag "stock market credit debt subprime interest rates consumers equity mortgage loans bush henry paulson"

stock market credit debt subprime interest rates consumers equity mortgage loans bush henry paulson: Debt be not Proud... - 12/24/07 05:39 PM

The stock market has been rallying after President Bush announced a deal under which mortgage lenders would cut subprime borrowers some slack and freeze rates. As such, it represents the latest effort by the financial-industrial complex to draw a bottom line under the spreading credit woes. With this action, the market seems to have concluded, the negative effects of the subprime mess may finally be contained.
I hate to be the bearer of bad news, but the subprime flood—which has been declared contained over and over again—isn't contained yet. Newsweek's Daniel McGinn ably explains why the rate freeze is far from … (6 comments)

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Christy O'Connor

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