scobbydube

Historic 100bp Cut From The Fed Today?

Lower rates are not going to help Main St... Banks don't have any reserves left to loan.. Lower rates are not going to change the current perception in the market place that maybe the bank, dealer, or hedge fund I am loaning to knows the value of what is on their books. They all own toxic securities that until recently have been marked improperly because no one tested the market by trying to sell these SIV's,CDO, etc.. How many basis points have they lowered rates so far and tell me honestly what good has it done.. Zero.. Pushing on a string..