Posted on 11/08/2009 4:32:32 AM PST by Pride_of_the_Bluegrass
Video at Link
(Excerpt) Read more at cnbc.com ...
What is to debate? The Fed knows the banking system still needs life support. If they raise rates, more banks go under.
Santelli is pissed
so am i
we are seeing a vote of no confidence in the market now due to interest rates that have done nothing to reduce the current bloodbath. There are no good solutions just worse one’s. A quarter point would make the dynamic at least understandable to foreign investors abroad, that there is a light at the end of the tunnel. Right now a flat rate is supporting an artificial market that is a zombie at best and unsustainable at current market trends. Kill the zombies and move on baby!
I agree, but easier said than done.
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