Looks like the Fed might need to continue with the MBS program. They have already purchased 1.1 trillion dollars worth.

More gov't interference that does not allow a proper correction in the still overpriced housing market.

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

 

I agree completely. Most people don't give enough credit to the oil companies, they see them how the media likes to portray them, as narrow minded greedy lowlifes. I can guarantee you that EVERY oil company (bigger than a mom n pop company anyway) is looking into other ways to make money beyond oil. These companies didn't become the biggest because they bumbled around and didn't plan for the future. They are led by some of the most brilliant business men on the planet.

A good example, people blame the oil companies influence on Bush for not enforcing Kyoto. When in fact I know several oil companies were secretly lobbying for it. One of the coroprate VP's I spoke to said it would benefit his company because they saw a few opportunities to make more money than they predicted they'd lose on the reduced dependance of oil.