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Non-Cattle Specific Topics
Every Thing Else Board
Fed cuts funds rate 75 basis points
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<blockquote data-quote="larryshoat" data-source="post: 515720" data-attributes="member: 6773"><p>All so very true, but it's too late to close the barn door now that the cows are out .The scary part is all that money these clowns lost belonged to somebody .We all would probably be unpleasantly surprised to find out some of that money belonged to us . As somebody pointed out earlier with inflation at least double if not triple what you can get for money in the bank, guess who will bail this mess out ? The fed lowers</p><p>rates ,the bank adds most of that to their spreads .In my mind there is no question about how the banks plan on getting healed up . The only question will they be able to legally steal enough of the depositors money to get the job done . For us we have only two choices, take back an inflated dollar or get no dollar back at all .I think Bernancke's hands are tied, he either lowers interest rates and pumps money into the system or faces meltdown .</p><p></p><p>Larry</p></blockquote><p></p>
[QUOTE="larryshoat, post: 515720, member: 6773"] All so very true, but it's too late to close the barn door now that the cows are out .The scary part is all that money these clowns lost belonged to somebody .We all would probably be unpleasantly surprised to find out some of that money belonged to us . As somebody pointed out earlier with inflation at least double if not triple what you can get for money in the bank, guess who will bail this mess out ? The fed lowers rates ,the bank adds most of that to their spreads .In my mind there is no question about how the banks plan on getting healed up . The only question will they be able to legally steal enough of the depositors money to get the job done . For us we have only two choices, take back an inflated dollar or get no dollar back at all .I think Bernancke's hands are tied, he either lowers interest rates and pumps money into the system or faces meltdown . Larry [/QUOTE]
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Fed cuts funds rate 75 basis points
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