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View Diary: Obama vs. Usury?  Why Not? (Updated) (251 comments)

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    For a few weeks, some homeowners with great credit ratings and 5% mortgages would feel cheated when their neighbors suddenly had an equally good deal.

    They wouldn't... because people with marginal credit would not get a loan... at all. I would never make a fixed-rate 5% loan to people who are default risks, not without a massive downpayment.

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