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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (109045)3/11/2008 12:12:23 PM
From: Think4YourselfRead Replies (3) of 306849
 
It's an election year and they are dealing with AAA rated mortgages. The fed will do whatever it takes to unfreeze the credit markets. They have $800B of treasuries to work with. If this works they will expand the program. If this doesn't work, they will add additional actions.

I still think their move today was a stroke of genius. It amazes me that they came up with this program.
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