As home foreclosures reached a record high Thursday, President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon. Treasury Secretary Henry Paulson discusses the details of the proposal. Continue reading
Question/Comment: Last month, the stock market dived about 380 points in one day, then recovered the same day. That same day, the Fed lowered its rate .5 percent. Now I just heard it’s lowering its rate for the first time … Continue reading
Question/Comment: Why all the focus on just Fed policy? I’m with Alan Greenspan on also looking at our fiscal policy. Just lowering interest rates without raising revenues could just lead to more inflation. Thank you. Paul Solman: What Robert is … Continue reading
- I’d like to know more about Fed — and how it is neither a federal agency, nor does it have any reserves.
Question/Comment: I’ve seen now several of your segments on the Federal Reserve and I encourage you, on your next segment, to go deeper. There is much information available regarding the Fed and how it is neither a federal agency, nor … Continue reading
- When can we expect to break even, or at least recover some of the value that we lost due to the declining real-estate market?
Question/Comment: Everyone mentions all of those unfortunate people who are defaulting on their home loans due to the sluggish economy. Nobody mentions, however, the many hardworking Americans who saved and struggled to buy their dream homes and they are now … Continue reading