To prevent forclosures in this subprime mess sounds idiotic.He said the FHA would help people with good credit that couldn't afford their payment."Subprime loans" are by definition given to people with lousy credit !Another pandering speech. He should have remained quiet, but he chose to open his mouth and prove how stupid he is.Can't wait for Fred Thompson to run.....
But the markets are up and Maria B. and Kudlow (who will get his rate cut) are happy and at the end of the day that is all that matters.Bush and Bernanke will save the day, let the party resume !!TurboP.S...I am being sarcastic.
What happen's if Bernanke does't lower rates, as is already priced in the market.My thought is it would be a good thing long term!I hope he grows some..Rember he's not running for re-election. Nor does he have to pander to anyone.
You had me fooled for a moment Turbo....:-)Hey, read my post to DJ. What do you think about shorting SNDK ?