Replies to post #67724 on FAT CATS

[serfdom]

Greenspan would never have caved. I think Alan and Dick should invite him on their next huntin' trip. The prospect of that should calm him right down.

[rebelgirl]

Cutting rates is necessary now as several big bond insurers are on review for possible downgrades in ratings, a 50 basis cut now and another one in a few months can make a huge difference between financial collapse and tremendous continuance of writedowns or a transition back towards stability/recovery.