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ABC launched a weeklong series entitled What's the Fix? that will tick off each of the failing sectors of the American economy and examine proposed policy remedies. David Muir started with the burst bubble of the housing market in Phoenix. The Treasury Department is debating a plan to rewrite every homebuyer's mortgage--those falling behind on their payments and those who have no problem with their monthly bills--to switch to a 4.5% rate of interest. The total cost of such a nationwide subsidy: $150bn. "Even the homeowners who have done everything right are now paying a price."
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