It’s getting pretty obvious to anyone who is paying attention, that Fed Chairman Ben Bernanke believes he must do something about the fiscal cliff. He’s just announced plans to create and spend $85 BILLION PER MONTH on mortgage and treasury securities – that amounts to more than 1 TRILLION dollars over 12 months!
Bernanke Says Not To Worry, He’ll Just Buy The Fiscal Cliff And Turn It Into A Public Park
December 15, 2012 by
The Ugly Truth About The So-Called Housing Recovery
November 27, 2012 by
Since 2008’s market melt-down and the advent of record numbers of foreclosures along with the loss of 35% of market value of the underlying assets, the secondary mortgage market has been reeling to and fro like a drunk down at the local bar.
