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Fed Rate Cut Could Enliven Feeble Economy

Story date: 2007-10-31 09:27:00
Added on: 2007-10-31 11:00:20


NPR News - Subprime mortgage loans are issued to those with poor credit. But that only proved to ensnare consumers in a web debt. Most of them were given adjustable-rate loans to mortgage home that were too costly. And once the loans began to adjust upward ...


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