Mortgage Lending Value
Now that the Federal Reserve Bank accepts bad mortgage paper as collateral OPEC will play the oil card ..?
… By insisting that oil is more of an intrinsic value than real estate? The fed is lending money to banks and accept foreclosed Mortgages as collateral. The oil producers are using this as an excuse to inflate the price of oil. Aggravate the condition of the U.S. economy. Will there be an oil market bubble? Or will there be a collapse of the Fed?
Nope. Oil has value. Dick goes in person to the high five king, on a job well done. We are already collapsing due to failed economic policies left over from the 80's.