Real estate blog entries tagged with drop to federal funds rate by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

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Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "drop to federal funds rate"

drop to federal funds rate: Continued decline of financial giants increases pressure on Federal Reserve to cut Discount Rate - 09/15/08 02:53 PM

1st it's Countrwide being sold to Bank of American
Then it's the Feds taking over Fannie Mae & Freddie Mac
Then it's Chase preparing to buy Washington Mutual
Then Lehman Brothers files Chapter 11
Then Bank of America closes in on Merrill Lynch
What's Next?
Many of the remaining financial institutions are not that solid themselves and they are purchasing the assests of insolvent MAJOR INSTITUTIONS. It's cheaper for the federal government to bulster their bottom lines then worry what to do if/when the purchasers become insolvent themselves. This point was driven home now that there is NO BUYER FOR LEHMAN. What happens … (1 comments)

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Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

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