By Rex Nutting, MarketWatch Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before.
You have got to be freaking kidding me! Bernanke, the poor guy. He must be sweating bullets. I feel bad for him.
This is beyond extraordinary.
10 posted on 03/16/2008 7:42:07 PM PDT by the invisib1e hand
(A moderate Muslim is one who acts like a Christian.)