LaRouche says 80% of US mortgages could end up frozen

20 de abril de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>LaRouche says 80% of US mortgages could end up frozen</h1><p>April 20 (LPAC) -- Asked about efforts by Fannie Mae move $20 billion into support for houses threatened with foreclosure, Lyndon LaRouche responded that the financial system is on the verge of a complete disintegration, and can not be bailed out, even with hundreds of billions. Financial claims such as home mortgages will have to be frozen, whether the banks like it or not, since there is no means to do otherwise. People will stay in their homes, and the principal on the debt will have to be revised. Up to 80% of US housing could end up in this special category, LaRouche warned, with financial obligations under a deep freeze.</p></div></body>