Fed Funds Rate Cut .75 Percentage Point to 2.25 Percent

U.S. Federal Reserve ^ | March 18, 2008 | Press Release

[Aristotelian]

The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2.25 percent.

[Toddsterpatriot]

Once agian, is the U.S. Goverment in debt and going to deeper in debt?

You bet.

Care to post any info on that?

All this educatin' you on the Fed has tired me out. Do you have anything specific you don't understand? I'm always glad to help.

[JasonC]

I don't copy or paste anything. I compose everything I post on FR, and have for eight years running to the tune of over 50,000 posts, some of them running ten pages and up.

[Moonman62]

Good grief. You must be a very unhappy person.

[bjs1779]

All this educatin' you on the Fed has tired me out. Do you have anything specific you don't understand? I'm always glad to help.

Sure you are. Like I said, " U.S. Goverment is in debt and going to deeper in debt." Care to post any info to fool the people on that?"

[Toddsterpatriot]

Sure you are.

You bet. That's why I made multiple posts to you.

Like I said, " U.S. Goverment is in debt and going to deeper in debt."

Like I said, you bet.

Care to post any info to fool the people on that?"

Why would I want to fool people? I've done nothing but post the truth for you. Despite your snippy, ignorant comments.

Like I said, glad to help.

[AndyJackson]

You must be a very unhappy person.

What? To point out the fact that there are a lot of Federal reserve guarantees of the assets JPM assumed from BSC? As they say, know the truth and it shall set you free. I am not unhappy, except at scoundrels who don't want to accept the truth as it is. The truth isn't necessarily depressing. It is simply the truth. Acknowledge it, figure out the best course of action and move on.

[AndyJackson]

Like I said, " U.S. Goverment is in debt and going to deeper in debt." ...Like I said, you bet..

You deny this? Baghdad, we know you are a shill of the worst order, but this is a fact you cannot deny.

Bahgdad, Sadam is dead.

[Toddsterpatriot]

Why would I deny the truth? Maybe you could straighten bjs out about the Fed and their balance sheet? He's a bit confused about the issue.

[bjs1779]

Why would I deny the truth? Maybe you could straighten bjs out about the Fed and their balance sheet? He's a bit confused about the issue.

I see you didn't have the nerve to ping me, but what is the Fed balance sheet?

[Toddsterpatriot]

I see you didn't have the nerve to ping me, but what is the Fed balance sheet?

All the bonds and other investments they have. You need me to hold your hand?

[bjs1779]

All the bonds and other investments they have. You need me to hold your hand?

Then why are they in debt? And continue to go deeper in debt? I see no reason to insult as you continually do to everyone.

[Moonman62]

The Fed gave JPM a $30 billion non-recourse line of credit against $30 billion of Bear's assets which is a fraction of Bear's overall assets. The intent is to prevent a fire sale of those assets, such as would happen if a lender foreclosed on them, similar to what happened with Carlysle.

The Fed helped with a small part of the deal. The deal itself is not backed or guaranteed by the Fed.

[Toddsterpatriot]

Then why are they in debt? And continue to go deeper in debt?

Like I said before, the Fed is different than the Treasury.

I see no reason to insult as you continually do to everyone.

I'm sorry if you're not bright enough to understand my simple explanations. I guess I should stop trying to educate you. You've gotten to a ripe old age in ignorance, who am I to try to change that at such a late date?

[AndyJackson]

the Federal Reserve agreed to guarantee up to $30 billion of Bear's most troubled assets - primarily mortgage securities that have plummeted in value and have become tough to sell.

source: http://www.mercurynews.com/breakingnews/ci_8604437

[bjs1779]

Like I said before, the Fed is different than the Treasury.

Which is no answer at all.

I'm sorry if you're not bright enough to understand my simple explanations.

Am I the only one you have trouble with, or are you just a liberal on a conservative website?

[Toddsterpatriot]

Which is no answer at all.

The Fed earns a profit every year. You understand that finally? After denying it yesterday?

The Fed holds a portfolio of Treasury Securities. You understand that finally? After denying it today?

If the Treasury owes $9 trillion and the Fed has assets of $800 billion and you add them together, that's still a big debit. Can you follow that?

Am I the only one you have trouble with

No, there are a lot of Freepers ignorant about the Fed.

[bjs1779]

No, there are a lot of Freepers ignorant about the Fed.

Recognizing that you will say anything, if the Feds are so smart why are they going deeper in debt? You have yet to answer that little question.

[Toddsterpatriot]

Recognizing that you will say anything,

Recognizing that you're ignorant about the Fed.

if the Feds are so smart

Back up, who say the feds were smart?

why are they going deeper in debt?

Politicians like to spend money.

You have yet to answer that little question.

You never asked that before. Just did.

Anything else you're confused about?

[Moonman62]

You would be right if that $30 billion covered all of Bear’s assets. Instead it covers only a fraction. Bear’s mortgage business was only one sixth of its overall business.

[bjs1779]

Recognizing that you're ignorant about the Fed.

I think everyone can see what you are.