Why we should cut the mortgage industry in half
Posted on August 15th, 2007 by moneyvsdebt
Yesterday Ben Bernanke acknowledged he was wrong when he said in May that the subprime meltdown was contained. That doesn’t mean he would cut interest rates to ease the pain. Meanwhile, yesterday’s Wall Street Journal [subscription required] wrote an excellent article on the origins and evolution of the current credit crunch.I believe that the pain [...]
Filed under: Finance, Financial News, Mortgage Information, Real Estate, Stocks, credit scores, housing crisis | No Comments »
