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That’s the big headline. What it should say is Paulson plans on strong arming the mortgage industry in order to put his name in the spot light.

Millions of American saved millions of dollars by buying a low temporary rate. Now that want those rate fix at the low temporary rate.

Who pays?

There is no magic wand.

Paulson claims it is in the best interest of the mortgage company to keep wide spread defaults from occurring at any cost.

What are those cost?

There is a reason for the low short term rate offer and why it was so cheap. BANK KNEW THAT BY LOANING T