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Ford chief urges Fed action (Emaciated corpses litter streets!)
http://money.cnn.com/2007/08/24/news/companies/ford_fed/index.htm?postversion=2007082406 ^
| 8-24-07
Posted on 08/24/2007 5:35:44 AM PDT by Hydroshock
NEW YORK (CNNMoney.com) -- Ford CEO Alan Mulally became the latest high-profile business executive to suggest that the Federal Reserve needs to cut interest rates, according to a report published Friday.
Noting that credit conditions were posing a "big headwind" to the company's turnaround plan, Mulally told the Financial Times he is concerned about the state of the larger economy.
Next victim of mortgage mess: Auto sales Video More video
Fortune's Sue Callaway reviews and compares the Audi S4 and the BMW M5. Play video
"It is a really important job to manage inflation and economic growth [but] focusing on economic growth appears to be a really important priority now," Mulally told the paper, hinting that the central bank needs to take action.
The Federal Reserve, which works to keep inflation in check and promote economic growth, has resisted calls to lower the federal funds rate from its current level of 5.25 percent.
The key interest rate, which has remained unchanged since June 2006, directly impacts consumer loan rates on everything from credit cards to auto loans.
(Excerpt) Read more at money.cnn.com ...
TOPICS:
KEYWORDS: alasandalack; applesonly5cents; automotive; autosales; breadlines; credit; depression; despair; doom; dustbowl; fed; fordmotor; grapesofwrath; hoovervilles; soupkitchens; vulturegram; woeisme
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To: RockinRight
As someone who has had the privilege of being one of your clients, I can honestly say that you are both competent and ethical. I'm glad you were there when we refinanced.
I'm also glad it's only 8 days, 3 hours and 9 minutes until the RockinRight/Hoodlum Wedding Extravaganza! 
Hang in there, Hon.
161
posted on
08/24/2007 11:23:41 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
To: RockinRight
Im just asking how a trial lawyer is more of a real job than a mortgage banker or loan officer is.THIS should be fun to watch. LOL
162
posted on
08/24/2007 11:24:49 AM PDT
by
Petronski
(Why would Romney lie about Ronald Reagan's record?)
To: Iwo Jima; RockinRight
Wow! RockinRight is responsible for the housing bubble. Sheesh! Who knew?

And he seemed like such a nice boy.
163
posted on
08/24/2007 11:25:23 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
To: Hydroshock
Since late 2006 137 major U.S. lenders have implodedYou have extravagant and surreal definitions of "major" and "imploded."
164
posted on
08/24/2007 11:29:15 AM PDT
by
Petronski
(Why would Romney lie about Ronald Reagan's record?)
To: RockinRight
A real job?Real estate prices were flat in most of the country from 1989 to 1999. Thats what you probably have to look forward to..
But dont worry, there are other up and coming jobs that will be in great demand in the coming years.. For example..Tattoo Removal Artist.. Now theres a proffession with a LOT of potential clients!
To: Nonstatist
Hey, d*ck head. I have a college degree, 8 years experience in lending, and many skills.
I’m not one of these guys that went straight from burger flipping to loan origination at some “Boiler-room” type shop.
While I may in the future look to a different line of work, Tattoo Removal isn’t what I’m thinking.
166
posted on
08/24/2007 11:37:20 AM PDT
by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: Nonstatist
But dont worry, there are other up and coming jobs that will be in great demand in the coming years.. For example..Tattoo Removal Artist.. Now theres a proffession with a LOT of potential clients! Copy editor looks promising.
167
posted on
08/24/2007 11:38:18 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
To: RockinRight
This thread is developing the stench of witch trials.
168
posted on
08/24/2007 11:40:10 AM PDT
by
Petronski
(Why would Romney lie about Ronald Reagan's record?)
To: Petronski; RockinRight
I think RockinRight weighs the same as a duck. Burn him!
169
posted on
08/24/2007 11:42:22 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
To: RockinRight
You wont make as much money only lending to people who can actually pay back their loans. Thats the way it used to be and thats the way its GOING to be , whether you like it or not. We’re all done subsidizing this speculative market in cheap loans..on to something else!
To: Nonstatist
Um...that’s all I’ve ever done. Read my other posts.
171
posted on
08/24/2007 11:46:07 AM PDT
by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: Chanticleer
I weigh a lot more than a duck.
172
posted on
08/24/2007 11:49:15 AM PDT
by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: RockinRight
Then seems to me you got nothing to worry about. The people that will lose their shirts should be elsewhere. When one Ponzi scheme goes under, theres always another one somewhere else. Bowling alleys in the 50’s, S&L’s in the 80’s, internet stocks in the 90’s, then real estate, then...? tattoos?
To: RockinRight; Chanticleer
You’re financially ruined because you’ll no longer be able to do what you’ve never done! And you deserve it!
174
posted on
08/24/2007 11:51:41 AM PDT
by
Petronski
(Why would Romney lie about Ronald Reagan's record?)
Comment #175 Removed by Moderator
To: RockinRight

You were saying?
176
posted on
08/24/2007 11:53:59 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
To: Nonstatist
To be fair, and now that I’m calmed down (my earlier rage was partly due to “oh-sh*t-I’m-getting-married-next-weekend-and-have-so-much-money-to-spend-and-stuff-to-do-jitters”) I think I will do fine.
I’m more concerned about a liquidity crunch totally terminating ALL mortgage transactions.
177
posted on
08/24/2007 11:54:29 AM PDT
by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: Chanticleer
Sounds like you got a good deal on a lona. No money down and interest only for 10 years?
To: Nonstatist
What’s a “lona?”
Italian for loan??
179
posted on
08/24/2007 11:56:53 AM PDT
by
RockinRight
(Fred Thompson once set fire to a crowd of liberals simply by puffing his cigar and staring real hard)
To: Nonstatist
Um, no, conventional 30-year fixed rate.
180
posted on
08/24/2007 11:57:04 AM PDT
by
Chanticleer
(Courage is not simply one of the virtues but the form of every virtue at the testing point. Lewis)
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