Re: Treasury Secretary Brings Political Pressure on Banks
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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