tag:blogger.com,1999:blog-7116655923089210472.post3983151873630115968..comments2023-08-25T17:49:44.412-07:00Comments on Thoughts of a Sensible Mortgage Banker: LIBOR: The Driver of Jumbo Rates.The Editorhttp://www.blogger.com/profile/10962625735760822645noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7116655923089210472.post-44513528885938148552008-10-10T08:11:00.000-07:002008-10-10T08:11:00.000-07:00After the week global banking just went through, n...After the week global banking just went through, no scenario is unthinkable. Banks are in trouble throughout Europe and Iceland's all went broke. Britain is buying shares from its biggest banks for hundreds of billions of dollars, essentially part-nationalizing the sector. And Thursday the American treasury secretary hinted that the U.S. might follow in the U.K.'s footsteps. If banks in the U.S., Britain and Europe are nationalized what does that mean for the layman?<BR/><BR/>What does it really mean... ??? <BR/>What does nationalize mean to the retired senior? I am a member of Myinvestorsplace.com and I, and others like me in similar circumstances are looking for help. Any suggestions?Anonymousnoreply@blogger.com