Politics for Pros- moderated Message Board

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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (231325)	12/12/2007 6:40:49 AM
From: JDN	of 793846

That all sounds so nice and professional until its YOU that loses your home to foreclosure, or your stock TANKS, or you cant finance a home, or you lose your job. We have an inverted interest rate curve, have had one for 18 months or more. Thats not right. I see no reason to SUBJECT this nation to a DEEP RECESSION over high sounding words when if the FED would aggressively attack the problem it could be avoided. I was in the camp for a 3/4% rate drop Tuesday and we got a 1/4% cut. You see what it did to the stock market and I fear that is just the beginning. There is NO ONE who isnt going to be effected by all this whether they have a mortgage or not, whether they have stocks and bonds or not. Those that smugly think they are safe will learn the lesson the hard way. Well, thats my rant of the day. jdn

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