www.donharrold.net Rick Santelli continues to be the only reason to watch CNBC. … rick santelli steve liesman cnbc jim cramer don harrold oil federal reserve fed funds target rate interest rates forex
Tag Archives: fed
Rescuing Wall Street to Save the US Economy – Neither Fair Nor Effective
assets that taxpayers 0 billion is being used to purchase and the necessary restructuring of the troubled mortgages themselves. Many hard-working Americans are having trouble paying on their mortgages, which in turn is driving down the value of their neighbors homes across the country. Tens of millions of families have seen their home values plunge through no fault of their own. Nearly 1 in 10 American households—roughly 5 million—have a mortgage that is either in default or facing …
Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale. “It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co. So how …
Posted in Homes For Sale
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Inflation, deflation, subprime mortgage crisis, & banks
On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing