tarp funds: Florida mortgage rates to drop - Fed Minutes reveal funny insights
- 01/06/09 09:28 AM
The Fed minutes of the lates Fed meeting was released today. Among the obvious statements including the fact that 4th quarter of 2008 was worse than expected and 2009 will be worse than expected, a funny comment was made. One of them pointed out that things took a turn for the worse when Paulson announced he was not going to use the TARP (troubled asset releif) funds to purchase bad assets from banks. I find that ironic since Bernake and Paulson both spent so much time and effort convincing our political leaders to give them the $700B with the premise that … (0 comments)
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The Fed minutes of the lates Fed meeting was released today.
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