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  • The Federal Reserve and the Velocity of Money [View article]
    The FAS 157 accounting rule scares investors and issuers. The securitization process is effectively dead for non-agency securities of mortgages, auto, credit card, and student loans. The multiplier is low for that reason. Banks actually are making loans. Please look at the bank data on the federalreserve.gov website to verify what I just said.
    Dec 14 14:28 pm |Rating: 0 0 |Link to Comment
  • Paulson Drops the Ball Again [View article]
    Paulson has made many mistakes. He's not smart at all!
    Nov 21 00:00 am |Rating: 0 -1 |Link to Comment
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