http://news.bbc.co.uk/2/hi/business/7208439.stm

Basically, this means that the Federal Reserve, the most powerful banking system in the world, cut their rate .75 because of what one man did in France!

 

........and next week they cut it agina by .50........

 

Is this a prediction?? Heresay?? Or a joke. If it's true, I guess I'll just have to buy a house and tolerate the Pennsylvania cold....

Much rather be in Florida or Georgia. Only snow is on the TV and even then you can change the channel...

 

sounds like someone is being used as a scape goat...


Personnally I think all payments public or private should be made in either Gold or silver from here on out, screw the dollar, it's trash.

what's the point of even having a saving account, when your money keeps loosing it's value every 6 months. we need to bring up the intrest rates soon, I really don't care about what happens to these silly people who got sucked into the sucker loans, If they cant use thier brains to figure out the monthly payment on a $500,000 house then they deserve what they get.