2010-03-16infowars.com

" Housing is on the rocks and prices are headed lower. That’s not the consensus view, but it’s a reasonably safe assumption. Master illusionist Ben Bernanke managed to engineer a modest 7-month uptick in sales, but the fairydust will wear off later this month when the Fed stops purchasing mortgage-backed securities and long-term interest rates begin to creep higher. The objective of Bernanke’s $1.25 trillion program, which is called quantitative easing, was to transfer the banks “unsellable” MBS onto the Fed’s balance sheet. Having achieved that goal, Bernanke will now have to unload those same toxic assets onto Freddie and Fannie. (as soon as the public is no longer paying attention) "



Comments:

tvsterling at 20:48 2010-03-17 said:
I have no doubt that there will be this new bailout. This despite the overwhelming opposition by all Americans; left, right & centrist. Check out Little Iceland. Poor, frozen a helpless puppy of a country but at least they have the freedom to vote on their bailout & the guts to reject it. Their position is no different than ours, only their moral fiber. When will Americans reject the manipulations of this power elite. This Wall st/ Washington Axis of Evil is doing their best to bury the average citizen & their great grandchildren in debt that they had no part in creating. We will be reduced to living in rented shacks while they still ride around in limos & live in their mansions. Permalink

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