Question/Comment: My question about the mortgage crisis is this: how exactly did the banks lose money? It seems that people who put deposits on the loans that were foreclosed upon lost their money, not the banks. The banks…

Question/Comment: My accountant told me the government’s gift of money for taxpayers (to help stimulate the economy?) is actually a loan that most middle/upper income citizens will have to repay within a year. Paul Solman: America spends more than…

Question/Comment: A Fed rate cut presumably has a cost; where is that felt? Paul Solman: Encouraging folks who made bad decisions before – invested stupidly, say, in mortgage-backed securities – to invest stupidly again, since the Fed will bail them…

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