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Reply #13: As I understand it, this is the hope.. [View All]

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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 08:40 AM
Response to Reply #12
13. As I understand it, this is the hope..
that all banks around the world will make the same move, and get the credit markets moving again. We'll see.
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  -Federal Reserve reverses course and cuts key interest rate by half-point to 1.5 percent. maddezmom  Oct-08-08 06:06 AM   #0 
  - Here comes the kitchen sink  Loge23   Oct-08-08 06:11 AM   #1 
  - 6 international reserve banks have cut by the same amount, at the same time  muriel_volestrangler   Oct-08-08 06:13 AM   #2 
  - If it gets much lower  Gman   Oct-08-08 06:25 AM   #3 
  - Considering inflation...  high density   Oct-08-08 06:31 AM   #5 
  - That's already happened...  Teh_Rabble_Rouser   Oct-08-08 12:43 PM   #16 
  - And how does that restore CONFIDENCE???  aquart   Oct-08-08 06:26 AM   #4 
  - I Don't See How This Helps  DallasNE   Oct-08-08 06:57 AM   #6 
  - I risk sounding like McCain, I am not a real expert on the Economy. But by  ihelpu2see   Oct-08-08 07:09 AM   #7 
  - Yes, at this point they're willing to take runaway inflation..  Virginia Dare   Oct-08-08 07:37 AM   #9 
  - Cutting Rates Generally Has a Positive Effect  ribofunk   Oct-08-08 08:24 AM   #11 
  - Welcome to hell on earth if this doesn't work..  Virginia Dare   Oct-08-08 07:35 AM   #8 
  - No Go  mrJJ   Oct-08-08 08:15 AM   #10 
  - If this is a Hail Mary pass....  WriteDown   Oct-08-08 08:30 AM   #12 
     - As I understand it, this is the hope..  Virginia Dare   Oct-08-08 08:40 AM   #13 
  - I don't get it. Discover just offered me a $15000 loan and Citi offered me a $6500 loan and ...  L0oniX   Oct-08-08 08:56 AM   #14 
  - It's to get cheap money back into Wall Street  Anarcho-Socialist   Oct-08-08 12:30 PM   #15 

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