Paulson's Plan to Freeze Mortgage Adjustments

		Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
Paulson's Plan to Freeze Mortgage Adjustments

11-30-2007, 01:50 PM

PairTheBoard PairTheBoard is offline

Senior Member

Join Date: Dec 2003

Posts: 3,460

Paulson\'s Plan to Freeze Mortgage Adjustments

Can someone explain to me where the Treasury Department has the power to enforce such a plan without an act of congress? These mortgage rate adjustments are terms of legal contracts. How does the Executive Branch assume the power to just step in and by fiat order a change of terms in private contracts?

PairTheBoard

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Forum Rules

Forum Jump

All times are GMT -4. The time now is 06:59 AM.