U.S. Economy 2009!

Originally Posted by AARC51 I believe it's only going to get worse. With the government refi plan it now makes sense to stop paying your mortgage for several months to

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U.S. Economy 2009!

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07-22-2009, 07:29 PM

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GMZ

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Quote:

Originally Posted by AARC51

I believe it's only going to get worse. With the government refi plan it now makes sense to stop paying your mortgage for several months to qualify for the federally guaranteed lower interest rate.

That's called moral hazard and there was plenty of it going on before all this mess.

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