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2% Fixed Rate Mortgage Solution

peaceengine.com — By Executive Order of the Office of the President of the United States, all owner occupied dwellings shall be immediately converted to a 2% fixed rate mortgage for the duration of the loan term and all foreclosures of owner occupied dwellings shall cease immediately pending owner acceptance of the 2% fixed rate.

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  • michaelpinto, on 01/11/2009, -0/+4I'd love to see a similar thing done with credit card interest rates which seem to be out of control. If we're serious about getting people to get out of debt it needs to be a two way street...
  • inactive, on 01/11/2009, -0/+1well said. Unfortunately, at least in Oz, there is too much power in the hands of private companies and not enough governmental control over the pricing.

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