http://poligazette.com/2008/03/05/bush-and-fed-move-on-mortgage-rescue/ Tue, 14 Oct 2008 01:58:54 +0000 http://wordpress.org/?v=2.6.2 http://poligazette.com/2008/03/05/bush-and-fed-move-on-mortgage-rescue/#comment-29405 Jay_C Thu, 06 Mar 2008 14:22:50 +0000 http://poligazette.com/2008/03/05/bush-and-fed-move-on-mortgage-rescue/#comment-29405 The whole mortgage crisis is largely the fault of the Fed's monetary policy. Low interest rates created a funding source for debt which in turn leaded to the housing and credit bubbles that have now burst. (Prices got higher than they should have been).  The Fed should frankly, "but out" and let the falling prices find a new bottom on their own. History has shown that government interference will only make things worse. The whole mortgage crisis is largely the fault of the Fed’s monetary policy. Low interest rates created a funding source for debt which in turn leaded to the housing and credit bubbles that have now burst. (Prices got higher than they should have been).  The Fed should frankly, "but out" and let the falling prices find a new bottom on their own. History has shown that government interference will only make things worse.

]]> http://poligazette.com/2008/03/05/bush-and-fed-move-on-mortgage-rescue/#comment-29153 Mortgage » Bush and Fed Move on Mortgage Rescue Wed, 05 Mar 2008 15:38:25 +0000 http://poligazette.com/2008/03/05/bush-and-fed-move-on-mortgage-rescue/#comment-29153 [...] MattnHIN what cannot meet be named a nonprogressive approach, “the Dubya monument and the businessperson Reserve are inching protector toward a order conveying of worried homeowners and mortgage lenders.” The NYT adds that Dubya and the … [...] [...] MattnHIN what cannot meet be named a nonprogressive approach, “the Dubya monument and the businessperson Reserve are inching protector toward a order conveying of worried homeowners and mortgage lenders.” The NYT adds that Dubya and the … [...]

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