Home Mortgage Rate
Why has the foreclosure rate on U.S. Mortgages rose 93% in one year?
They just had on CNN that the mortgage rate has rocketed by 93%. And we all know the banking crisis and stock market is measured by fed. What caused this situation?
Because, under the influence of special interessts, The Bush administration put into abuse policies that allowed predatory lending practices. This made the special interests a lot of money by creating a housing "bubble". Before or later all these bubbles burst – and the ordinary people are left with nothing, while the special interests count their money.