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Housing slump to continue, says Harvard's "State of the Nation's Housing" study

Tuesday, June 24 2008

Guest: Nicolas Retsinas, director of the Joint Center for Housing Studies of Harvard University
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What is wrong with our system when the federal reserve give our tax money to the banks at the "discount rate", then the banks give us 1/2 % interest on our money but charge 20% if we borrow from them? Why not just have the federal reserve lend the OUR money to us for 4%?

Posted by gerry, 8:35 a.m. Tuesday, June 24 2008 Permalink

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