Got mortgage?:

"Exit light" is an excellent analogy. But not yet.... Save that one Tanta for when a really bad sales report comes out. Oh... like post superbowl.

Thanks for the great blog!
Neil

hebbie-jebbie

BUENOS AIRES, Sept 22 (Reuters) - Argentine President Nestor Kirchner said on Saturday that the government would do everything it could to bring down interest rates, after interbank lending rates shot up in the last two months

"Interest rates must come down. They will come down. We are going to take all the necessary measures," Kirchner said in comments to Mitre Radio.

"Banks must understand that the country has to work for everyone. There are some people in the financial sector who still don't seem to understand that," he said.

Interbank rates, or call money, shot up in August to higher than 20 percent when the global credit crunch ignited a flight in Argentina to safe-haven dollars.

But rates came back down lower than 8 percent this past week after a series of measures by the Central Bank, including buying back its own notes, auctioning and selling repurchase agreements, and temporarily relaxing the minimum average deposit rule for banks.

Argentina's Kirchner says rates must come down
| Reuters

I cannot decide if her accent is Memphis, Tupelo or New Orleans. Somewhere in the deep south for sure.

NY Times
Guess Who's Feeling the Mortgage Pain
By Gretchen Morgenson

FAIR GAME; Guess Who's Feeling the Mortgage Pain - NY Times