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what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn't the same thing as saying we aren't in a real economic problem, we know we are. >> it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? >> certainly...

saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stabilization that isn't the same thing as saying we aren't in a real economic problem. we know that we are. >> and steven, seems like the markets were also underwhelmed by the by the fed's latest moves to kick start the economy. is there anything at this point that policymakers can do to raise expectations? >> certainly not the fed. ander...

First family are staying on are on a part of this island called chillmark. it has a median housing value of $1,097,000. to give you perspective, that's almost three times the massachusetts average median housing value of 366,000, it's nearly five times what the median national housing value is, $235,000. now, to give you a further indication of just how isolated this particular part of massachusetts is from all the real estate trends nationwide, in massachusetts in general housing sales dropped 28% last month from the year before. there's only one county in massachusetts where that didn't happ...

In housing value since the peak. >> greta: people won't buy a house if they can't meet the mortgage name's why it is a bigger problem. >> let me interrupt because it is important. we've had all these mortgage modification programs from the bish and obama administration. -- from the bush and obama administration. if people don't have jobs or their incomes aren't rising it is difficult. >> greta: i know the republicans say we have to extend all the tax cuts for everybody, the democrats say no, it is all blah, blah, blah. the thing that enraged me is they won't talk to each other. it is safe to s...

In housing value since the peak. >> greta: people won't buy a house if they can't meet the mortgage name's why it is a bigger problem. >> let me interrupt because it is important. we've had all these mortgage modification programs from the bish and obama administration. -- from the bush and obama administration. if people don't have jobs or their incomes aren't rising it is difficult. >> greta: i know the republicans say we have to extend all the tax cuts for everybody, the democrats say no, it is all blah, blah, blah. the thing that enraged me is they won't talk to each other. it is safe to s...