bailout: Lower Interest Rates! What took so d*&# long?? - 11/26/08 07:32 PM
Remember when this whole bailout business started months ago, as a result of the subprime mortgage crisis?  There was rampant panic, people liquidating their assets, buying up gold bars, etc, and then the fed announced they would buy $700B in toxic mortgage paper to free up capital.  How'd that work out for ya?  Not so good!
Now, I'm no economist, not by a long shot, but I remember thinking to myself at the time that all they needed to do was lower interest rates to the consumer to re-ignite the very market that was the cause of the economic meltdown we … (0 comments)

 

Troy Williams

Owings Mills, MD

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