Wednesday, April 22, 2009

Bloomberg story on reasons the Fed, Fannie and Freddie are motivated to start lending again.

The Fed, Fannie, and Freddie take more steps to help lower mortgage rates
-The last paragraph, The TED SPREAD, explains why banks could soon be highly motivated to loosen the purse strings, and start to lend again. Though I don't understand all of it I can feel that money is starting to flow again. Click here for the full Bloomberg story.

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