[JasonC]

Nothing wrong with the quarter point cut. But what I would do that they aren't (at least publicly known so far) is call the bigger banks on the carpet and force them to mark declining mortgage assets to market, sell them to stronger, less leveraged hands, and raise more risk capital through share issuance. I'd also tell them either LIBOR comes down to near Fed Funds or they can forget about any more issuance by the Home Loan Bank system - in other words, lend to the high bidders or else.

[SaxxonWoods]

Thank you for the discussion.