Dumb question: will bail out deal ban subprime mortgages and ballooning interest rates on debt?

[yurbud]

[dipsydoodle]

1. Completely seperate an unassociated issues

with respect to each other. I don't think its so much that subprime mortages will be banned : more that credit underwriting will become suffciently tight to make them obsolete for the foreseeable future measured in years. Balloning interest rates are matter of you get what you sign for - tough if you don''t like.

[tkmorris]

2. No one has seen any actual text yet, but I doubt it

I haven't heard anyone pushing the idea, or discussing it when the major topics in the proposal were hammered out.

[galileoreloaded]

3. 95% chance this deal will increase 30 fixed to 15-20%....n/t