$Stock*Shop*Charts*News*Option$

[Stock Lobster]

RECUE THE DOLLAR! THE FED CANNOT SAVE HOUSING. I cannot believe this idiot conversation on their part is still continuing. Nothing the fed can do will affect ARM interest rates, and the banks are not passing on lower interest rates to the mortgage market in order to lower 30 year mortgages. The 10 year bond, which determines the 30 year mortgage, is set by the market, not the Fed. In addition, more stringent loan standards mean that fewer will be approved for a mortgage to purchase a house, no matter what the Fed rates are.

The housing market just will have to sort itself out over time.

THE FED CANNOT SAVE HOUSING..plain and simple. Focus on saving the US dollar, and then they might have a chance of reigning in the price of oil and food, if the vicious spiral isn't too far advanced.

It's not a question of feeding the poor, its a question of feeding the US middle class, who cannot afford soaring gas/food and utlity costs all at the same time.

This should be obvious to anyone over the age of 10, let alone a room of grown men and women with PhDs and master degrees from the finest universities.

Unreal.