I did a lil more digging on Bennie. Some rather interesting quotes from our esteemed Fed Chief from the past few years regarding why the Feds approach to dealing with banks is the right one (back in 2006!), about when hell take away the punchbowl (answered like a true politician), why the Fed is just as clueless about prices as you and me and in the same breath in the same clip about how the Feds gonna crack down on those evil subprime lenders (back in 2007), why financial supermarkets are great (also 2007), and finally how the Fed solved the inflation problem forever (back in 2003).

Find more subprime information from Google

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This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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