Bus Arrives with Federal Reserve Officials
November 6, 2009 by admin
According to EnterpriseNews.com, a bus with Federal Reserve officials arrived in Brockton, Massachusetts, last Sunday. The news publication says that the officials were there to survey the foreclosure crisis in-person. That’s nice. The Federal Reserve’s policies of ultra-low interest rates and excessive credit helped create the crisis. It’s time for the Fed to stop creating boom-bust cycles. ARMs, or adjustable-rate mortgages, are part of those cycles. The banks knew that when the ARMs reset, foreclosures would begin. Read the full article from EntrepriseNews.com…
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