Posted on 02/22/2010 5:30:39 AM PST by Patriot1259
The big story of the week came Thursday night when the Federal Reserve announced a hike in the discount rate. The central bank raised the interest rate on loans they make directly to commercial banks from 0.50% to 0.75%. This interest rate, however, is relatively unimportant except in times of financial crisis...
(Excerpt) Read more at thecypresstimes.com ...
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