In a message dated 1/11/2008 2:05:49 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes:
No flames intended! Just was giving simple examples, MOST people can understand. The only argument I have is, you can't clump blame on everyone! , [EMAIL PROTECTED] wrote: Sharon, While I appreciate your "Economics 101" lesson, don't muddy the water Sharon's Economics 101 lesson was an echo of what Fannie Mae's president, Daniel Mudd, had to say at the U.S. Chamber of Commerce news conference earlier this week. He reminded those who believe "The old rules don't apply," that "The old rules do apply." I listened to his remarks because he gave simple examples that laymen like me could understand. Daniel Mudd talked about the housing market and subprime mortgage crisis and the broader implications for the U.S. economy. He outlined measures to ease the crisis and reforms for the future. Topics included preventing foreclosures by freezing loan rate increases and refinancing loans, creating innovative but high-quality new financial instruments, public awareness and education campaigns, and regulating the mortgage market differently. He responded to questions from members of the audience. _U.S. Economy and the Housing Market 203451-2 : C-SPAN Video Library, Created by Cable. Offered as a Public Service._ (http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=203451-2) **************Start the year off right. Easy ways to stay in shape. http://body.aol.com/fitness/winter-exercise?NCID=aolcmp00300000002489
