September 20th, 2007 by jason

This is the first item I have read that is written by someone (well two people actually) that knows what they are talking about.  Most people today think that lowering the discount rate or the fed funds rate is going to save the US real estate markets….guess again Beavis. The only thing that should do, and has already started to do, is put more money in the M&A people’s pockets because you just made their cost of funds a heck of a lot cheaper. Great job Bernanke, you puss.  Check out this paper by two Wharton School professors (yeah, I know, I don’t like professors either, but this is good) entitled, “The Housing Finance Revolution.”

tags: home loans, loans, mortgage, subprime, wharton, market

Content Tags:Home Loans Loans Market mortgage subprime Wharton