Federal Reserve Bank
Oct 8, 2008
Rate Cut Follows Bailout, But Will It Help?
The Fed cut the federal funds target rate by 50 basis points this morning on the heels of announcing that it would lend directly to companies.
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I'm skeptical that it will help. I guess they all thought they could ride a bubble forever. Grrrr. Here's a little bailout humor just when we need it the most: http://www.youtube.com/watch...
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Judge it!
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