Re: Treasury Secretary Brings Political Pressure on Banks
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I don't know about another rate cut. The ice is pretty thin as it stands and cheaper money would just lead to even more bad loans, delaying but exaserbating the problem later.
I didn't take the step of thinking someone wanted to set the stage for all of this to happen. I think that is quite a leap. Although, prediction and preparation are not out of the equation. I doubt that someone could manipulate the situation (the whole market), though.
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Told ya they were signaling another rate cut. The thing about the "Sub Prime Crises" is that many lenders have had problems with liquidity in funding short term borrowing. Who controls the money available to provide this liquidity for funding short term borrowing?
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