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Well, Duh

 

No surprise to me.

The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher.

Surprise to you?

Government is always an expensive, no-value-add middle man.

 


by Brett Rogers, 6/8/2009 12:06:33 PM
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