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Post# of 704019
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Re: pantmaker post# 560711

Friday, 08/17/2007 10:16:56 AM

Friday, August 17, 2007 10:16:56 AM

Post# of 704019
The shills are all squeeling about how great this rate cut decision is, but in the details of their justification, they're disclosing how truly dire the situation was, er... is.

If the credit/mortgage/liquidity crisis really is BAD, a window rate cut won't even put a dent in it. All it did was goose the options expiry opening prints and kill a lot of bets.

Translation; the situation is still really BAD.
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