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Can Saving PMI Also Save the Economy? Cramer Thinks So
By admin | January 23, 2008
Wall Street has been gyrating as it considers the Bush Administration's proposed economic stimulus plan and the Democrat controlled Congress's response to it. The plan is largely based on tax cuts for businesses and small cash rebates to individuals and families which Washington apparently hopes will be quickly spent rather than saved or used to pay down debt.
What is clearly missing in the current proposals is any mention of the terrible state of housing which started the current economic slide.
There are a dozen places that the government could plug in and stimulate the housing/lending industry...
Topics: Mortgage News |