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Old 12-02-2007, 04:38 PM
beangel40 beangel40 is offline
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Default Banks,U S near deal on subprime mortgages
Banks, U.S. near deal on subprime mortgages


updated 7:37 p.m. ET, Fri., Nov. 30, 2007
NEW YORK - The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis.

read more http://www.msnbc.msn.com/id/22039594/
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