They had the authority to make stricter mortgage lending guidelines and consumer compliance supervision programs, but what took them so long to do so?
Why did the Federal Reserve take so long to do something?
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Category Archives: reverse mortgage
Did you hear the one about the Fed Reserve?
On the same day that Congress was killing their sacrificial lamb (AIG’s CEO Liddy), Ben Bernake of the Federal Reserve ‘bought’ $1.15 TRILLION of Treasury Debt. That would be as if I borrowed cash using what I owed the bank for my mortgage as collateral. It is basically printing money. Now I ask you, if we print $1 Trillion dollars without the assets to back them up, what happens to the value of the dollar?
What is the best city/town to live in near March Air Reserve Base (Riverside, CA)?
My husband and I are being transferred to Riverside,CA. We would like to know the safest and somewhat affordable (if that exists in CA) areas near the base. We can afford $1500-$1800 a month for rent or up to $290k for a mortgage.