FOURTH ESTATE

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Saturday, August 13, 2011

Re-mortagaging to curb the crisis

Sub Prime has hit the globe. You can own a flat at a flat 100% discount on interest.
Re-mortgaging one ideal soln. (mortgage American assets).
People who can't repay were asked to take houses, later, as they were unable to repay the debts, deficit has raised.
Government should now take measures to revamp economy to Indian style.  heavy loans for taking debts.
rate of interests more for saving money.
stabilizing economy.

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