Garden City, SC

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The Federal Reserve announced a massive new program today to buy mortgage-backed securities. Up to $500 billion in funds will be used to buy mortgage-backed securities backed by Fannie Mae, Freddie Mac and Ginnie Mae and up to $100 billion in funds will be used to buy up debt issued by those housing agencies.

"This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved financial conditions more generally." The Fed said in their statement.

This latest step strikes at the heart of the current financial crisis, which is the struggling housing market. Mortgages are staging a huge rally in response to the news.

What do you think about this?

Myrtle Beach Real Estate by Mirela Monte

Yesterday I had dinner with a girlfriend who got hurt in love several years ago, and she swears that she'll never hurt like that again and she won't allow herself to get that close to anyone still.

This evening I had drinks with a new girlfriend, who at 32 has never had a great love. She is so cautious, that she has become a mere observer of life, instead of a participant in it. She does not want to get hurt, she says. I told her: "Perhaps I should teach you how to be reckless and you should teach me how to be cautious, and we'll both be better off for it."

One of the things I've learnt in life is that when you close yourself off from feelings of pain, you also close off an entire gamut of other feelings. Once you close a freeway because you don't want the cars of pain to use it, the cars of love and true happiness can't use it either...

Living with an open heart, knowing full well that great joy can bring great pain, yet still opening yourself up to all the possibilities - that is the goal, for what good is a heart that has never been used?

"That which does not kill you makes you stronger". I've always wondered about Nietzsche's statement. How does it make you stronger? When you wear a shoe that hurts your foot, you either get a blister or callous skin. Is that what he meant by it: that you grow callous? How does it make you stronger? Are you more cautious the next time? Nietzsche was not a happy man; he died in an insane asylum. That is not a good role model for me!

I've had great love and now I have great pain. I embraced the love and now I accept the pain. These feelings are the ebbs and flows of life, and like the ocean waves and tides coming and going, thus shaping the landscape of the beach, so they shape our characters. And isn't the uncertainty and tumultuousness of the ocean the very thing we find so enticing about it?

This is life. Go live it! ...And take off that armor!

Mirela Monte Join The Optimist Group!