Replies to post #65890 on Politics and Money

[properlynumb]

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.