The Federal Reserve Is Powerless

The clamoring chorus of Cramer, analysts, bankers, hedgies, politicians and talking heads screaming for the Federal Reserve to lower the Fed Funds Rate has been deafening to say the least. What all these people don’t talk about is that even if the Federal Reserve changes their policy stance, many homeowners facing a mortgage reset will find their property appraises for much less than they owe.

No comments: