Tuesday, February 3, 2009

Mishkin on the banking system

Great video on Bloomberg: Mishkin Says U.S. Must Fix Banks for Stimulus to Succeed

Rebecca Wilder

1 comment:

  1. Surely this was a mistake:

    "Home values are declining and foreclosure rates are up 81% in 2008. Putting the two together leads to the following conclusion: investors are buying up foreclosed properties, driving down the price. "

    Last I understood, any demand or buyer (despite their intention) has upward pressure on price.

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