To: TigerLikesRooster
Fed acts Sunday to prevent global bank run Monday
By Rex Nutting, MarketWatch
Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before.
http://www.marketwatch.com/news/...5F05D859B76%7D&siteid=rss
6 posted on
03/16/2008 7:39:33 PM PDT by
forester
(An economy that is overburdened by government eventually results in collapse)
To: forester
By Rex Nutting, MarketWatch Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before. You have got to be freaking kidding me! Bernanke, the poor guy. He must be sweating bullets. I feel bad for him.
This is beyond extraordinary.
10 posted on
03/16/2008 7:42:07 PM PDT by
the invisib1e hand
(A moderate Muslim is one who acts like a Christian.)
To: forester
11 posted on
03/16/2008 7:42:20 PM PDT by
forester
(An economy that is overburdened by government eventually results in collapse)
To: forester
what would we care about a ‘global’ bank run. Isn’t our government supposed to be looking after the American people’s interests, not the globes?
114 posted on
03/16/2008 9:00:12 PM PDT by
hedgetrimmer
(I'm a billionaire! Thanks WTO and the "free trade" system!--Hu Jintao top 10 worst dictators)
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