tag:blogger.com,1999:blog-4921988708619968880.post8722099604211808492..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: How to blow a bubbleIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4921988708619968880.post-24833211309395112392008-04-06T18:32:00.000-04:002008-04-06T18:32:00.000-04:00And in exchange the banks would agree to leave the...<I>And in exchange the banks would agree to leave their "teaser" interest rates on those loans in effect for the entire 15 years.</I><BR/><BR/><I>*sarcasm on* </I><BR/>Such a deal! Interest rates for over half the term of the loan that are so far below their risk level as to be insane! Almost makes me wish we had done the stupid thing and gone for a financially risky ARM on our mortgage when we Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7203570221405647882008-04-06T18:02:00.000-04:002008-04-06T18:02:00.000-04:00Looks like we've been caught like Mars Flies in a ...Looks like we've been caught like Mars Flies in a Klein Bottle.<BR/><BR/>SamsaraAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-35637892871736200732008-04-06T12:29:00.000-04:002008-04-06T12:29:00.000-04:00Lovely ilargi, From the article:Here's how it woul...Lovely ilargi, <BR/><BR/>From the article:<BR/><BR/><I>Here's how it would work: The government would guarantee the principal of the mortgages for 15 years. And in exchange the banks would agree to leave their "teaser" interest rates on those loans in effect for the entire 15 years.</I><BR/><BR/>Golly, and so what need is for those middlemen bankers then? Sounds like a commie plot to socialize Anonymousnoreply@blogger.com