ATTENTION: The Fed is taking appropriate action! Yes, the Fed (who thought this mess would quietly blow over) is going to save the day! This is according to Mitt Romney (Republican Presidential Candidate), the same person who thought Larry Craig would be a good Senate liaison! (Hey, I'm from Idaho, I can say that!)
In this video, Mitt says that the spillover from the subprime crisis does NOT have to affect the overall economy. And with a portfolio like Mitt's, I'm sure he's keeping his fingers crossed that it really doesn't spill over.
He says the "Fed is taking the kind of action you'd expect." Um...no kidding...that's part of the problem.
The video is worth watching...and there are some bright things that Mitt says about the whole mortgage industry mess. He's intelligent, smooth and well groomed. Take a look and add this to your arsenal of things to consider when your turn to vote rolls around.
The video: http://www.cnbc.com/id/15840232?video=489852024&play=1#
Oh, and by the way, Mitt acknowledges that Fannie and Freddie are a bit dirty (my word, not his). He slams Hillary. He looks like a million bucks (and he's worth even more). That's a teaser so you get into the video at least 6 minutes! The whole thing is less than 10 minutes. Enjoy it!
All things considered, I'd rather watch the news.
The only video that I plug my speakers in for is Bryant Tutas on Friday.