LIKE MOST other politicians, President Bush basically ignored the subprime crisis while it was incubating. Last week, though, he unveiled a proposed fix -- and not a moment too soon. A month from now, $50 billion worth of adjustable rate mortgages will "reset" from the low interest rates at which...
Rescuing Mortgage Holders
LIKE MOST other politicians, President Bush basically ignored the subprime crisis while it was incubating. Last week, though, he unveiled a proposed fix -- and not a moment too soon. A month from now, $50 billion worth of adjustable rate mortgages will "reset" from the low interest rates at which...