InvestorsHub Logo
Followers 17
Posts 4452
Boards Moderated 1
Alias Born 10/16/2009

Re: nlightn post# 65890

Wednesday, 12/05/2012 9:44:51 PM

Wednesday, December 05, 2012 9:44:51 PM

Post# of 122337
Ben is doing his job.......buying up mortgage bonds to support the major banks and, in turn, this is suppose to free up capital for loans.
It's bull.
Banks should be negotiating bad mortgages and revive housing at their loss.

I'm venting.............

But the derivative market has no transparency and, just like 2008,
banks and financial players will distrust each other.
Systemic failure all over again.
They seek to monopolize the price of gold to protect their assets
but gold is only slightly under priced,
$1850 is my guess.

“To be yourself in a world that is constantly trying to make
you something else is the greatest accomplishment.” ---Ralph
Waldo Emerson

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.