To: wardaddy
Pardon! Momento! Excusa!
Where did you get the idea that the Federal Reserve sets the rates?
Sorry! The market sets the interest rates all the Fed can do is print more or less money to try to effect the rates.
Nice Try!
Regards,
Lurking'
To: LurkingSince'98
idea that the Federal Reserve sets the rates?They do set the discount rate, which has a lot of influence.
To: LurkingSince'98
I carry a shiteload of commercial real estate mortgages, save the cute nuance for someone else.
Nice Try!
Regards,
Wardaddy
34 posted on
01/28/2004 1:04:52 PM PST by
wardaddy
("either the arabs are at your throat, or at your feet")
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