Double-Standard? And How! If the U.S. government handled the housing crisis the same way it treated Wall Street after the 2008 financial crash (emphasis on “treat”), here’s what would have happened: 1. It would long ago have purchased — at inflated cost(!) — the homes of every underwater homeowner in the country; 2. It would then...Read More
Will He or Won’t He QE III?? If you’re going to spend 5 minutes watching the markets today — personally, I can think of better uses of my time — the interval to watch is definitely 1:16 p.m to 1:21 p.m. Why’s that? Because Fed Reserve Chairman Ben Bernanke starts speaking at 1:15 p.m. today regarding...Read More
