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if they disappeared. this is a very significant amount of money. fannie mae and freddie mac i was amazed to hear tim geithner talk about all the mistakes that went in a line that cause the implosion of the housing market. he s right on all of those counts,ance it s not like people weren t saying that. when you start to unwind that, it s a long process and it is going to be very alarming to anybody who sa realtor, mortgage lender, a new home builder. these are people who have a big stake the housing industry. they re going to be scared. oh, boy. how about those who want to own a home or those who have a home? split it up how it affects the current homeowner. i think if you own a home now, i just refinanced to a 15-year mortgage back in november. i m 34not going to worry about mortgage the next 15 years. people going into the housing market, buying a home, not this year, maybe next year. once this process starts to kick in, they re going to see higher
final analysis, i think the white house and the treasury understood that giving the country the weekend to take a deep breath and to reflect on what had happened and particularly, neil, giving investors who would be in the markets when they resumed trading the opportunity to make a reason judgment without, if you will, the psychological impact of what happened on that tuesday, i think, was the right thing to do. it was a good balance. there were some who saidhe we should have opened the same da or the next day, that would have been wridg, there were some who sa, we should have stayed closed sever weeks, that would have been b wrong. by ringing that bell you know, dick, he think in t retrospect, you didt just right and my friend, you were under enormous pressure and you did it just right. but you know, i m thinking because i m talking to you, here i am steps from jersey city, what s grow as i said, to become a birthing, a