WASHINGTON (AP) — The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.
The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.
That’s just great Helicopter boy, because it worked like a charm last time. Plus there really aren’t enough US dollars floating around the world these days, and it’s not like trillions of ARM’s are going to reset in the coming years either.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
That’s just great Helicopter boy, because it worked like a charm last time. Plus there really aren’t enough US dollars floating around the world these days, and it’s not like trillions of ARM’s are going to reset in the coming years either.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
That’s just great Helicopter boy, because it worked like a charm last time. Plus there really aren’t enough US dollars floating around the world these days, and it’s not like trillions of ARM’s are going to reset in the coming years either.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
I don’t know and neither do you.
A fast bottom might incite a panic and create a much bigger mess. Slow squeezing the debt away via inflation might be a better solution.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
I don’t know and neither do you.
A fast bottom might incite a panic and create a much bigger mess. Slow squeezing the debt away via inflation might be a better solution.
