Since the credit crunch hit emergency status in August 2007, Ben Bernanke has been put to the test. But the exam is nowhere near over. So what type of Fed chairman are we dealing with? This extensive Bernanke profile ran in the New York Times magazine last Sunday, and it’s a great education on Bernanke
February 2008
Fixed and ARM rates are about .125% higher since last Monday, but volatility continues, and rates have swung up and down as much as .375% on individual trading days. Last week, the Fed continued its commitment to “reduce tensions in bank lending” (as opposed to being a slave to markets as some claim) by cutting