[FairfieldLife] Letter to NY Times -- Root of Housing Crisis

2008-09-27 Thread new . morning
Regarding: Housing Help by Chris Mayer Published: September 26, 2008 I strongly disagree with Mayer's view that the first step to solve the current financial crisis should be to reduce mortgage interest rates. low interest rates have been the root of the crisis: a massive lowering of interest

[FairfieldLife] Letter to NY Times

2008-09-27 Thread new . morning
Regarding: Housing Help by Chris Mayer Published: September 26, 2008 I strongly disagree with Mayer's view that the first step to solve the current financial crisis should be to reduce mortgage interest rates. low interest rates have been the root of the crisis: a massive lowering of interest