2 replies to this topic

[nimblebear]

http://www.youtube.c...8...ted&search=

[Douglas]

Been looking for a retirement home on the Dorset, England south coast. Santa Barbara prices everywhere. Unbelievable. My retirement plan now is to work until I die to pay the mortgage.

[pdx5]

Fed accused of subprime ‘perfect storm’

By Eoin Callan, Edward Luce and Krishna Guha in Washington
Published: March 22 2007 18:50 | Last updated: March 23 2007 00:33


Mr Dodd, who was supported by Richard Shelby, the senior Republican on the committee, also expressed frustration at the fact the Fed had so far failed to issue promised guidance to tighten controls on the $1,200bn subprime mortgage market.

An estimated 1m subprime borrowers will have their rates adjusted sharply upwards this year and another 800,000 next. Roger Cole, a senior Fed official, said the guidance would come out by May at the earliest. But he conceded that the Fed could have done more.