I think Bernakie made a mistake cutting interest rates, it just postponed the inevitable and probably made the impending recession worse.
The Fed should just let the weak lenders fail. This crisis isn't going to hurt individuals with a zero down ARM mortgage, they're just walking away from their new homes leaving the banks hanging.
I think Bernankie just want's to look busy......:-0
Yup! Europe looks like they are having a financial meltdown similar to the one we had in the 80's.
The only people that will be making money in December are OJ Simpson's lawyers.
Perhaps it we all yell together Bennie will hear us.....
"HEY BEN, STOP THE FREAKIN PRINTING PRESS AND LET THIS PUPPY CRASH"
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.