Subprime Mortgage Bailout

[HFWR]

From the sound up in Long Island to the San Francisco Bay
And ev'ry thing between them is our home
And we may have done a little bit of fighting amongst ourselves
But you outside people best leave us alone
Cause we'll all stick together and you can take that to the bank
That's the cowboys and the hippies and the rebels and the yanks
You just go and lay your hand on a Pittsburgh Steeler fan
And I think you're gonna finally understand...

In America, Charlie Daniels Band

 

[packrat44]

Did Hitler have a sub-prime loan?

The Fed should act to keep the market from seizing, but no more...

Nope, but another German started SS (oops!), Social Security.

 

[donheff]

The Fed should act to keep the market from seizing, but no more...

So did the Fed go a little more today? Ok by me, but I guess I am tagging along with the big guys. No NINJA loans here.

 

[HFWR]

I was a bit surprised by the half point cut. Only time will tell...

 

[chinaco]

The consensus seems to be that the Fed rarely makes one cut and stops (same with interest raises). IT is usually a series. The question is how many will occur. My understanding is that it takes a while for the effect to ripple through the economy (on recession concerns). The market reaction is quick. everything else is slow and will take months to gather stats to determine how well it worked. This lag makes it difficult to really fine tune things... it often gets overdone (both ways).