Federal Reserve weighs steps to offset slowdown in economic recovery

catherine at 19:12 2010-07-08 said:

''A third modest possibility would be to buy enough new mortgage securities to replace those on the Fed balance sheet that are paid off as people take advantage of low interest rates to refinance''

OH THAT'S GOOD.......why didn't they think of this brilliant idea in the first Depression, just buy everyone's worthless stock :P

values are still falling so those that refied out are just at the back of the bus now, no one else is buying the cr-ap but uncle sam, so they are still going to be in their bucket..

my idea of giving every household $2500 for 2 -3 years will cost us the same as these guys are spending and would have helped a lot more people.

maybe they could ask some real business people to come to one of their 'fix america seminars' :roll: Permalink