Monday, August 27, 2007

A Fed Mistake

Major home lenders and mortgage units are going bankrupt. Bankers and bondholders have had to freeze out potential investors with high interest rates. The stock market is doing the lambada. In the midst of all this, the Federal Reserve has cut the discount rate on money it charges banks to borrow and poured more than $55 billion into the financial

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11-5-2024

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