Comments on: Bernanke conundrum is Obama’s problem

By: DavidAKZ

DavidAKZ — Sun, 12 Sep 2010 05:25:57 +0000

Capitalism. So passe

By: 007james

007james — Fri, 10 Sep 2010 13:15:02 +0000

I agre. Obama conundrum is that helicopter Ben has mutated with “bluffing comments” last week that market took by the bulls lifted wall st. now I call him Poker Ben!

By: Woltmann

Woltmann — Fri, 10 Sep 2010 09:24:58 +0000

Backstopping the mortgage market to give the economy the appearance of not really flat-lining is plain wrong on a number of levels. There is nothing uniquely messianic about Bernanke, Summers or Geithner requiring their sainted presence at their current jobs. Probably the opposite is true ..

By: dyllman

dyllman — Fri, 10 Sep 2010 08:23:14 +0000

If that is done, then what is the effect on banks? It seems that it might just move the problem from one place to another.

By: Fazsha

Fazsha — Thu, 09 Sep 2010 20:27:18 +0000

Chris is right. The only question is when are the higher rates going to come. The yield curve is starting to flatten ever so slightly.

Remember, when gold went up from 1977-1980, the prime rate went UP from 6.25 to 15.25 when gold peaked in Jan. 1980. Prime rate continued to rise to 20.50 by May 1981.

The latest prime rate I have is 3.25%.

The banks won’t refinance performing loans, despite Chris’ plea, because they are going to go right off the cliff – they will go as far as they can, then let the whole thing collapse and ask for the second bailout.