President Barack Obama Message Board

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Politics : President Barack Obama

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To: John Vosilla who wrote (125631)	10/29/2012 2:57:21 PM
From: LLCF	Read Replies (1) of 149317

<Until we get at the root of our problems what Bernanke is doing just fills in the gaping holes post credit bubble crash:> Yes, filling holes created by specularors with OUR $$'s! LOL The fed IS (ONE) root of the problem actually. Interest rates have been artifically low for 10-15 years. This sends the signal to the economy to borrow. In fact... we haven't seen anything yet... imagine what happens when rates (currently zero) are suddenly re-set to 5-6% where they probably belong?? How does the federal budget look NOW?? LOL You think FNM and FRE have trouble now?? Wait till their borrowing costs go up 5 fold! Further... I wonder who is going to have to straighten out that Fed balance sheet??? DAK

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