Replies to post #20056 on The Friendly Money Making Board

[Renavatio]

Agree. I don't like the Fed's move today. There's only one way to heal 10 years of bad financing decisions...you just have to let it correct itself. But again, I'm a "the government that governs best, governs least" kind of guy...

[lakedweller2]

Agree. The rate decrease may be only to bail out retail home buyers and lessen the blow of the subprime mess. The market situation goes beyond the single issue. This morning may have the markets feeling a little better, but reality of the overall problem will return after brief euphoria.