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To: John Chen who wrote (85820)8/17/2007 9:28:32 AM
From: Smiling BobRespond to of 306849
 
The Fed/gov is panicking
They just don't want to show it.
This is a band-aid, not a cure for the economic cancer.



To: John Chen who wrote (85820)8/17/2007 9:28:38 AM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
What is wrong with what they are doing? The risk takers are still getting slaughtered, and even more so with this action (greedy bears caught flat-footed). The fed is preventing everyone else from suffering.

I see no downside to what they are doing, and they have to do it. Cutting the fed funds rate WOULD reward the risk takers.


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