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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed Board Member Speaks To Tea Party

By Implode-Explode Heavy Industries

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This is Tom Hoenig?s moment, and it?s a strange one. In Washington, he is the burr in Fed Chairman Bernanke?s saddle: the rogue heartland banker who keeps dissenting alone -- for the sixth straight time on Sept. 21 -- to protest the Fed?s rock- bottom interest-rate policy. Hoenig warns that the Bernanke majority is setting the country up for an as-yet-unknown asset bubble: the next dot-com or subprime craze. He can?t tell yet where the boom-and-bust will materialize, but he can feel it coming, like a Missouri wheat farmer senses in his bones the storm that?s just over the horizon.

Full post as published by Mortgage Lender Implode-o-Meter on September 29, 2010 (boomark / email).

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