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Loan Modification
: Mortgage Lender Implode-o-MeterDistortions, Lies, and Muggings by the Fed, Bank of England
By Implode-Explode Heavy Industries
The BOE virtually guaranteed it will buy whatever it wants, whenever it wants, and however it wants. It is a promise that the BOE will hide, distort, and manipulate to its heart's content to buy whatever time it thinks it needs, just as it has done before.
At least the BOE has the honesty to admit it is crooked. One cannot say the same thing about the Fed.
Full post as published by Mortgage Lender Implode-o-Meter on December 03, 2009 (boomark / email).
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