From: Don Bowen KI6DIU <don.bowen AT earthlink.net>
To: homestead AT lists.ibiblio.org
Subject: Re: [Homestead] What some of it means
Date: Wed, 26 Sep 2007 10:58:14 -0700
At 9/26/2007, you wrote:
I keep hearing cries for the government to do something to bail out the
hundreds of thousands that have home loans they can't pay,
That would bail out the banks and other institutions that made the bad
loans in the first place but mostly the banks. They are the only ones who
have access to the Fed Funds and they in turn lend it to other companies at
what ever rate the other company is willing to pay. How much did
Countrywide recently borrow from the banks?
The future is looking less and less rosy but we are being told only about
the rosy stock market climb as the dollar continues its free fall and food
commodities continue to climb. Wheat is over $9 today and the dollar is
finding new lows against the euro.