Private initiative to save people from forclosure and prop-up the mortgage market.

I'm not sure about the meltdown part....though the economy does seem to limp along very badly right now.

But I just read a BLOG that pointed at this article where there is a move a foot to freeze ARM interest rates in order to save many more form going bankrupt.

Sounds like an interesting idea.....we will see what it does to the housing market though....some people will still go under when they can't see their houses in order to move for a job.

What a wonderful situation we have right now.....yuck!