Across the Curve

By Griff on Oct 30, 2009 | Reply

ethics are for the little people. now call Angelo and get me a mortgage rate 1-point below market …

By Bman on Oct 30, 2009 | Reply

What if the Fed starts raising interest rates next year, but the realization that it would kill the housing recovery moves them to set a fixed mortgage interest rate – let’s say at 4.5% just for fun.

By Gary on Oct 30, 2009 | Reply

The inscription above the entrance to the Capitol building (which the unwashed masses are no longer allowed to enter anyways) should be changed to read:

“Do what we say, not we do” xoxo Congress

By Gary on Oct 30, 2009 | Reply

Sorry, Congress didn’t budget for enough letters on the capital inscription. Should have read

“Do what we say, not what we do” … xoxo Congress

By Bman on Oct 30, 2009 | Reply

…but yet there is enough money laying around to launch shuttles and new rockets that could take us back to the moon for more rocks – or even go to Mars!….. maybe they could throw all the toxic CDS, CMBS, etc… onboard one of those.

By Chicken on Oct 30, 2009 | Reply

Having lived inside the beltway a great deal of my life as a neighbor to these politicians, I’m thrilled and hope something finally comes from this.

One word in summary: Arrogance

By Chicken on Oct 30, 2009 | Reply

Oh, and I have a solution in mind: Handcuffs

By gorgeous on Oct 30, 2009 | Reply

> moves them to set a fixed mortgage interest rate

Bman, I am not sure if you are serious but some version of this is entirely possible IMO. People mention unemployment but rarely talk about who is unemployed. My point is, the employed may have sufficient spending power to cause inflation on many goods. So the Fed may try to get itself more than one lever.