PDA

View Full Version : A desperate move by the Fed



Huggy85
03-17-2008, 07:14 AM
In response to the failure of Bear Stearns, once one of the US's largest investment banks, the Fed lowered its lending rate to financial institutions on a Sunday; seen as a desperate move to keep other banks from failing due to sub-prime exposure.

http://money.cnn.com/2008/03/16/news/economy/fed_creditcrisis.ap/index.htm?cnn=yes


Bear Stearns was bought (with the government's help) for roughly 1% of what it was worth a couple weeks ago.

http://seattletimes.nwsource.com/html/businesstechnology/2004286865_bearstearns17.html

The worst is yet to come for the US economy and, yes Speedy, the rest of the world will pay for America's bad fiscal policies. I guess you win again.

GenX
03-19-2008, 03:32 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">the rest of the world will pay for America's bad fiscal policies </div></div>

When I say "jump", you ju...


...awwww, you know the rest!! /ubbthreads/images/%%GRAEMLIN_URL%%/high5.gif


'Tis good to be king!!!! /ubbthreads/images/%%GRAEMLIN_URL%%/purpbanana.gif

GenX
03-19-2008, 03:57 PM
DO NOT READ!! (http://www.skeptic.com/eskeptic/08-02-13.html#feature)

Wrangler35
03-19-2008, 07:12 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body">In response to the failure of Bear Stearns, once one of the US's largest investment banks, the Fed lowered its lending rate to financial institutions on a Sunday; seen as a desperate move to keep other banks from failing due to sub-prime exposure.

http://money.cnn.com/2008/03/16/news/economy/fed_creditcrisis.ap/index.htm?cnn=yes

Ummm.it will be the REAL working stiff that will pay for the high rollers..and their gambling ways!
Bear Stearns was bought (with the government's help) for roughly 1% of what it was worth a couple weeks ago.

http://seattletimes.nwsource.com/html/businesstechnology/2004286865_bearstearns17.html

The worst is yet to come for the US economy and, yes Speedy, the rest of the world will pay for America's bad fiscal policies. I guess you win again.
</div></div>

It will be the working stiff who pays the tab once again for the high rollers who reward them selves with million dollar cheques and bank roll the company they work for.ONLY in America..represssive policys.LOL Reward the idiots!