home
Socialism? Bernanke Urges Government Intervention In Mortgage Market | 7 comments (7 topical)

Readers Must Login or Create an Account to Comment

Don't kid yourself (5.00 / 1) (#4)
by Lora on Thu Nov 08, 2007 at 04:59:36 PM EST
"In modernizing the FHA, the Congress might encourage joint efforts with the private sector that expedite the refinancing of subprime loans held by creditworthy borrowers facing resets," Bernanke said.

The banks are the ones who will come out on top.  Capitalism wins the day.

As for Bernanke's advice, desperate times call for desperate measures.

Socialism? Bernanke Urges Government Intervention In Mortgage Market | 7 comments (7 topical)

Readers Must Login or Create an Account to Comment

  • Premium Ads

  • Blog Ads

  • Contribute To TalkLeft

    donate to TalkLeft