Bankers are ecstatic. In an economy where interest rates paid to customers are nearly non-existant and crdit card rates charged to customers are already well north of loan shark rates, the bankers will now raise the already high rates to stratospheric levels.
Wow, you’re catching on. This is a set up. 1) The “too big fail banks” are not making money in mortgage selling business. With a AA- rating they are justified in charging higher interest rate. 2) The progressive socialist (forget the R’s and D’s) need to pass as many “hidden taxes” as possible before 2012 election when Balance Amendment become an issue. Watch the other hand.