U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit

Discussion in 'Wall St. News' started by 2cents, Nov 25, 2008.

  1. in poker terms - this seems like the "all in" move
  2. How much longer can Paulson's ammo last?
  3. i notice hoq is doing alright - paulson must be buying his toner and printers from them to print the money...
  4. [​IMG]
  5. It's about time that Paulson finally implements a policy that will allow the likes of Fannie and Freddie to borrow money at lower rates.

    After "nationalizing" these two entities the Treasury failed to explicitly guarantee them. As a result, they couldn't compete with others for market rates.

    This has been going on for weeks now, until today when the Treasury announced that they would FINALLY be purchasing mortgage-backed securities.

    As a result of today's actions, mortgage rates have dropped an incredible 1/2 point.

    It's about time!!!
  6. I totally agree Mr.Landis.