Comments on: Fed Slashes Interest Rates To All-Time Low

Amid Deepening Recession, Central Bank Cuts Key Rate By At Least ¾ Point; Stocks Soar

[saraplumber]

Fonzie was Henry Winkler *******!!
It''''''''s PONZI scheme!!
Posted by IamHungry68


I knew someone would bite.

Posted by brianwwb at 03:36 PM : Dec 16, 2008
-------
No it''s a Fonzie scheme. It''s where he gets Richie, Potsie and Ralph Mouth to give him money so he can pay for his hookers.

[gowens1]

Why don''''t they just send every taxpayer a million and be done with it!


--------------------------------------------------------------------------------

Posted by georgiadog8 at 03:28 PM : Dec 16, 2008
@@@@@@@@@@@@@@@@@@@

Because now that million is only worth $16,000 with how they are devaluaing the dollar

[georgiadog8]

Why don''t they just send every taxpayer a million and be done with it!

CPI numbers worst since 1932. And we know what was going on then. This is, in fact, the %u201CNew Great Depression%u201D, because when it started Bush had us $13 trillion in debt and in two wars. Even Hoover didn%u2019t mess up nearly so badly. Bush is the first U.S. President to LOSE two wars at the same time. Lose? When the enemy is actually stronger after a five year occupation, including with in Iraq enemies who weren%u2019t there before the war, you LOST. Plus, you failed to achieve your objectives. Found no WMDs in Iraq, and failed to get Osama in Afghanistan.
The Bush Administration thought they could hide their New Great Depression until at least after the election, and preferably after a new President took office. Looks like a portion of the cat is out of the bag, but this is merely the tip of the iceberg.

[wl7bzh]

If I do it, it''s called counterfeiting and I go to jail.

The Federal Gov. does it, calls it deficit spending and is applauded for it.

[antoniof123]

Federal Reserve Chairman Ben Bernanke and his colleagues also pledged to use "all available tools", after lowering the interest rate to between 0 and 0.25 percent.

Let me translate that for all of you.

I Ben Bernanke don''t have a clue as to what to do so I am just doing something anything and hoping that I can resign and be gone.

And Ben Bernanke was supposed to be the great depression expert. In a way I guess he is we are heading for one and he is leading the way.

[bobnjersey]

[Federal Reserve Chairman Ben Bernanke and his colleagues also pledged to use "all available tools" as they struggle to contain a financial crisis that is the worst since the 1930s and a recession that is already the longest in a quarter-century. ]

looks like this train has reached the end of the tracks. what are they going to drop next ... their drawers?

[easeup-2009]

How come the fascist government keeps dropping rates for the rich bankers and NO ONE has called me to offer me better rates?

Posted by noloyalisti at 12:24 PM : Dec 16, 2008

You need a job and/or collateral.

[easeup-2009]

SIG HEIL, AND EVERYONE THOUGHT I WAS DUMB!!!

Posted by walt1944 at 12:09 PM : Dec 16, 2008

they still do.

[usgeneral-2009]

The stock markets continue to be outrageously overpriced given the realities of the economy. The problem is clearly that the endless bailouts and other absurd actions in Washington have totally distorted the fundamentals of market operation. Today is just another example: the markets are rallying on the prospect of another rate cut by the Fed - but every rational person realizes that this rate cut will have NO appreciable affect on ANYTHING!

"Irrational exuberance" has been replaced by "bailout insanity".

[noloyalisti]

I just hope we can force our representatives to investigate the true causes of this meltdown ("free trade" agreements, privatization, lack of government oversight). Unfortunately most of them are part of the problems. They are mostly all rich and could care less about my family and small business.

This is, in fact, the %u201CNew Great Depression%u201D, because when it started Bush had us $13 trillion in debt and in two wars. Even Hoover didn%u2019t mess up nearly so badly. Bush is the first U.S. President to LOSE two wars at the same time. Lose? When the enemy is actually stronger after a five year occupation, including with in Iraq enemies who weren%u2019t there before the war, you LOST. Plus, you failed to achieve your objectives. Found no WMDs in Iraq, and failed to get Osama in Afghanistan.
The Bush Administration thought they could hide their New Great Depression until at least after the election, and preferably after a new President took office. Looks like a portion of the cat is out of the bag, but this is merely the tip of the iceberg.

[noloyalisti]

How come the fascist government keeps dropping rates for the rich bankers and NO ONE has called me to offer me better rates? Are we complete suckers of what? Is it time to rise up and take over yet?

[walt1944-2009]

Economists have discovered a major flaw in the "trickle down" theory of "Reganomics" which has been the financial cornerstone of the neocon Fascist Nazi Republican party since the early 1980''s.

They have discovered that it doesn''t "trickle down", it "gushes UP"!!!!!

SIG HEIL, AND EVERYONE THOUGHT I WAS DUMB!!!, BUSH!!!

[lochlan-2009]

"The message is simply the Fed stands ready to do everything in its power to stop the economy''s free fall," said Richard Yamarone"

That is bull ***!!! They are making it easier for banks to make money on the money they are currently borrowing. The banks will raise their rates anyway and the ARM''s will either stay flat (while the banks are making cash off the interest) or they''ll go up so that banks can make money on both ends. Right now it''s grab as much money as you can (government will help elite to the tune of trillions of tax $$$$, they only printed over a $trillion since September), ''cause, as Bush said, "this sucker is going down".
Does everybody just have their eyes closed or are they just naive in watching every company liquidate their assets for cash and revenue?

[irmcvet971]

Never in the postwar history has the Fed acted as lender of last resort to this degree.
Ken Mayland
president of ClearView Economics

Hummm! I guess it''s safe to say that Trickle Down doen''t work? ROFLMAO

[gowens1]

Fed, habven''t you figured ou that this isn''t going to work? All your doing is killing the interest rates on bank accounts that do have money in them, thus making it worse....