Hold The Presses |
Posted at Don Khoury's Blog by Donald Khoury
Jan. 22, 2008
Categorized in: Real Estate
January 22, 2008 The Fed just jumped! Regulation by reaction:

looking back over the last 18 months, they should jump…off the bridge: to be replaced. In addition, one Federal Reserve Chairman voted against dropping the rate 75 basis points because “it wasn’t during the scheduled meeting.”
What has been apparent to middle-class America for 18 months has just begun to reach the top. Damn the inflation, the idea is to “save the baby.” Banking led us into this crisis; let them take the losses. A federally mandated program to save middle-class American’s homes must be energized immediately. The ‘bank” did not seem to mind the profit while they made questionable loans. Let them eat the loss as well!
