Nov 28 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
Nov 28 What will make the LIBOR rate come down and what indicators should we look for to make it go down to “normal” levels? Question/Comment: Mr. Solman: You are one of those few who makes economics as interesting as Paris Hilton's love life (just kidding!) to the ordinary American. The LIBOR rate is higher than the 15-year mortgage rate right now. What will make… Continue reading
Nov 28 Why should the taxpayers bailout the major lending institutions due to poor lending practices? Question/Comment: Housing prices skyrocketed to double in 3 years and everyone thought they were rich, and went out and spent the money. Now the market corrects 30 percent and everyone discovers that it wasn't real. Why should the taxpayers bailout… Continue reading
Nov 28 Now that it appears rates will be dropping, where is the best place to keep the bulk of my savings? Question/Comment: As a long time observer of the mortgage market, particularly the subprime segment, I have been anticipating the current economic crunch for some time. Accordingly, I have been keeping a large amount of my savings ($85K) in an FDIC… Continue reading
Nov 28 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