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The federal reserve raised

The federal reserve raised interest rates far too quickly to slow the real estate boom down. They kept raising the rates resulting in higher mortgages and doubling adjustable rate mortgages. Do they want the American people to lose homes and go bankrupt?? It seems like it. Interest rates need to be at 4 percent to 5 percent to slow the losses of homes and jobs. I doubt they will get there because the Federal Reserve is run by a bunch of millionaires who don't care about people losing houses or jobs.


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