To: OnRightOnLeftCoast
Wow!
The Feds are between a rock and a hard place. On one hand, they could bail out the lenders at taxpayers expense OTOH, they could reduce rates to alleviate the mortgage crisis. However, that may allow inflation to get out of control.
What to do?
17 posted on
03/14/2007 9:53:29 AM PDT by
John123
(Bill barely mentions Hillary in his memoirs... I will now light myself on fire)
To: John123
"What to do?"
What they are supposed to do when people make stupid financial decisions. NOTHING.
19 posted on
03/14/2007 9:55:31 AM PDT by
L98Fiero
(A fool who'll waste his life, God rest his guts.)
To: John123
OTOH, they could reduce rates to alleviate the mortgage crisis. However, that may allow inflation to get out of control. What to do? Drop the rates and open the flood gates to our south, to suppress wages. It's Machiavellian, and it's also just delaying the inevitable, but you just watch.
To: John123
What to do? Let the market weed the garden. That's what. Of course, the Keynesians cannot stand that .... wusses, one and all.
72 posted on
03/14/2007 10:59:25 AM PDT by
GOP_1900AD
(Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)
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