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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (347636)	11/6/2007 2:48:45 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

Tick average is coming down, which suggests they are lacking cash marked for creation of wonder rallies. It just started. -g-

To: Giordano Bruno who wrote (347636)	11/6/2007 4:14:01 PM
From: ldo79	Read Replies (3) \| Respond to of 436258

Ya remember those folks who bought houses with no-money down and teaser rates because they had no money - and could never be expected to make the mortgage payment anyhow? Remember them.... Well - gentle Ben says we need to loan them more - just to make sure. Spinnin' wheel, keep on spinnin'! Bernanke sees role for microfinance in U.S. economy WASHINGTON (MarketWatch) -- The microfinance movement has an important role to play in the U.S. economy by bringing the opportunity for entrepreneurship to people who otherwise might not have it, said Federal Reserve Chairman Ben Bernanke on Tuesday. Microcredit is the extension of loans to people living in poverty who do not have access to banks. The movement has gained much ground in developing nations but has a short history in the U.S. Bernanke said microfinance firms must find a way to become more self-sufficient. He spoke at a summit sponsored by Accion Texas, a San Antonio-based firm that has the largest microloan portfolio in the United States and has made over 8,000 loans since 1994. Janie Barrera, Accion's president and CEO, said a lot of attention has been focused on microfinance activities internationally. "Nobody realizes it's here in our backyard. It's making a difference. That's what we want to emphasize," Barrera said.