August 31st, 2007
Bernanke finally admitted the credit and housing market problems have spread and will problem spread further into the general market.? Really?!?
And on a good note I believe, he indicated investors shouldn’t be looking for a bailout.? After all, you need to be responsible for the risks you take.
They will be looking at data carefully to determine what course of action will be best.? Many still believe a rate cute is in the near future.? Next meeting is September 18.
Our President has also promised some aide for the ailing homeowners.? This needs to be done cautiously.? Just as investors shouldn’t be bailed out, people knowingly?taking advantage of bad loan programs shouldn’t be either.
The next year should be quite interesting.? Keep looking up…
-- By +Chris Duncan