From A Secondhand Conjecture via the usual other sources, Hillary Clinton is now advocating a “moratorium on foreclosures for 90 days [and] freezing interest rates for five years."
In the "Me,too, I'm a bigger idiot, really, pick me" category, John Edwards wants to freeze the rates for seven years!
My readers will certainly intuit why this would be a gigantic economic disaster (aside from being frighteningly unethical), but if you want the details on what would happen, visit Lance.
I'm taking some comfort at this point in the fact that the US has not elected a Senator to the Presidency since 1960.
In the "Me,too, I'm a bigger idiot, really, pick me" category, John Edwards wants to freeze the rates for seven years!
My readers will certainly intuit why this would be a gigantic economic disaster (aside from being frighteningly unethical), but if you want the details on what would happen, visit Lance.
I'm taking some comfort at this point in the fact that the US has not elected a Senator to the Presidency since 1960.
Comments
It's a sign things are really bad in the economy when ideas like this find traction, all the smiley-face talk from the President and Henry Paulson notwithstanding.