Apparently the Fed does. JP Morgan Chase buys the firm for stock valued at 236m and the Fed gets to hold the bag in the event of any losses, which appear almost certain. Bernenke, feels that fueling the fire that is eroding the core of our financial system is helping. Open your eyes idiot, it's eroding the confidence every time you open you mouth or act. Greenspan held public confidence even through his errors. Not saying he was perfect, just far better than this knucklehead!
Hopefully, this crisis will help open the eyes of consumers on the brink of buying houses. Simple math says 1%. Teaser rates that claim "buy a 148k house for $625 per month" are just there to tease you. When the rate expires shit happens. Our current situation is a prime example of too much shit happening all at once. BS profited from the situation, it is only fitting that they fall buy the same situation. Who's next?
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