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| Moderated by: 24HourNut |
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24HourNut Administrator Body pillows rock!
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Posted: 03:35 pm |
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Wow, half point cut. Didn't expect that. LINK WASHINGTON (AP) -- The Federal Reserve approved a half-percentage point cut in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis.
![]() The best human beings start good new topics and vote on the better posts. |
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Blackhawk Original500© Member
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Posted: 05:01 pm |
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It's nice to see the government devaluing the dollar to prop up the banking industry again. It seems that the little guy is always responsible for his actions...with business however, our "free market" system is run like a communist country, they expect government help at every turn.
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wallstreetman Original500© Member Patriot
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Posted: 06:06 pm |
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Too many loans and no savings, can you say Japan? Rates were at 0% and it still wasn't helping. Too many years of letting inflation run amuck means many years of a downward spiral!
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