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To: tyc:> who wrote (49091)9/17/2007 9:13:09 AM
From: loantech  Read Replies (2) | Respond to of 78421
 
I am not judging the guy too harshly IMO. Said to get an ARM when fixed rates were at the lowest ever. Let low low rates fuel a housing market that went too far too fast. Liked to expand credit which expands the money supply. Too much growth = a later fall?



To: tyc:> who wrote (49091)9/17/2007 9:41:28 AM
From: LLCF  Read Replies (1) | Respond to of 78421
 
Fed movement is the opposite of Free Markets... Al actually hindered free markets by continuing to bail every one out... on Wall Street we called it "The Greepspan Put" meaning the Fed was giving away free put options with their policy... no downside risk, buy and hold!

BTW........

"Well.... but Mrs McGillicudy! Y... y.... your money isn't here, it's in Joe's house over there... and Bill, your money is in Mables place... don't ya see????????"

"Ill take mine in cash, now!"

bloomberg.com

DAK



To: tyc:> who wrote (49091)9/17/2007 10:05:17 AM
From: Proud Deplorable  Read Replies (1) | Respond to of 78421
 
the fed is irrelevant and has no power