Another perspective on the rate freeze
Patrick.net, a bubble blog, doesn't think much of the plan to freeze interest rates for some subprime borrowers, but not for the reasons you keep hearing on the news:
Potential buyers face higher prices for a house than they would if the market were just allowed to work. This is a direct harm to millions of people, especially young families with limited income.Is it illegal for the government to manipulate markets to benefit one class over another?
