http://www.msnbc.msn.com/id/28045659

Is this the right move? It seems to be helping those that are already in good credit standing and neglecting those that need help the most.

Or will this trickle down and help those in over their head?

Maybe Bernanke is already taking that into account.

Sure seems like alot of monies flowing out ;(

http://www.foxnews.com/politics/2008/12/04/bernanke-calls-action-stem-home-foreclosures

Forgive the foxnews portion of the ifno ;P

http://www.msnbc.msn.com/id/28045659

Is this the right move? It seems to be helping those that are already in good credit standing and neglecting those that need help the most.

Or will this trickle down and help those in over their head?

Bernanke only takes into account what is the most profitable short term solution. This does nothing to stem foreclosures, it is designed to possibly stimulate the real estate market which will theoretically cause a rise in real estate prices, which will then make it profitable to foreclose on a mortgage giving the banks hefty real estate portfolios which they can then bargain against.

Just another attempt to keep the previous ponzi scheme going to pad the pockets of the very few. Trickle down does not and will never work...it simply creates what we have now.

I wasn't really referring to the Reagen version of trickle down. I might have been using the wrong term all together.

Initial thought was that by helping those with good credit, and therefore securing those monies, that those really in need would find it easier to refiance since there was more cash in the pot.

Bernanke only takes into account what is the most profitable short term solution. This does nothing to stem foreclosures, it is designed to possibly stimulate the real estate market which will theoretically cause a rise in real estate prices, which will then make it profitable to foreclose on a mortgage giving the banks hefty real estate portfolios which they can then bargain against.

Just another attempt to keep the previous ponzi scheme going to pad the pockets of the very few. Trickle down does not and will never work...it simply creates what we have now.


With almost every state looking at a budget deficit due to declining revenues fueled in large part by decreasing home values, this could be spot on; increase the value > increase property taxes collected > lower deficit.

Too bad there are no long term thinkers working for Bush in the financial area.