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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • July 30, 2009 04:03 PM UTC by Cheryl Casone

    Best Guess: Lizzie Mac Take Two

    JAMES LEBENTHAL: One last minute mini-swoon for the markets is upon us before we get into the August doldrums.

    TOM SULLIVAN: The jumbo loan market will get worse over the next year, and this is despite the rosy numbers we see that are only Freddie and Fannie loans. Jumbo is in trouble.

    LIZ MACDONALD: The bill to subject the Fed to annual GAO audits will die on the vine. Congressional support is dwindling after Fed vice chair Donald Kohn’s impassioned attack on it, a stance that is gaining ground on Capitol Hill. An annual audit would subject the Fed to banana republic style monkeying—Goldman Sachs already notes that the money supply has grown by a fifth in the developing markets as the local powers that be want to hold onto their powers by forcing their central banks to print more money to appease local populations upset about unemployment, causing inflation there to rocket even higher. Plus the GAO already audits the TALF, TARP, and other bailout programs. And the idea of having Congressmen Maxine Waters or Barney Frank weighing in on monetary policy should make you want to reach for the fright wigs. And the Tums.

    CHERYL: Corruption in New Jersey leads to further fiscal problems for the state. The Governor, Jon Corzine, comes out with a plan to rid the state of the issues that have plagued the state since the beginning of time, and finds once again that voters support his tough talk about fiscal discipline. The election is his.

    ALEXIS: There is more to this Delphi Pension Benefit Guarantee story that we need to pay attention to.

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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