No Rate Cut by a Confident Fed

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Sorry, I meant to write "...I don't understand all the questions about the Fed's laissez-faire announcement today."

Pauly of CA 8:30PM September 16, 2008

With all the calls for laissez-faire business practices on Wall Street for the last few years I don't understand the Fed's laissez-faire announcement today. Wasn't gov't hands-off what they wanted?

It's the ownership society baby, it's time for some of these banks to own their failures. The rest of us then need to determine if that was such a good idea after the fallout.

Pauly of CA 8:13PM September 16, 2008

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