Clipmarks
merriefollowshare
3-8-2008 2:34 AM131 views
merrie says:
"The Federal Reserve is taking bigger steps to ease the nation's credit crisis, including increasing the amount of loans it plans to make available to banks this month to $100 billion," the Associated Press reports.

The auctions serve as short-term loans to get banks the cash they need to keep lending to their customers."
4 Comments   | Add a Comment
3-8-2008 3:42 AM
willhelm
This makes me want to pull my hair out. It seems to me that is the very last thing they should do. My head is just spinning at all this craziness.

I agree with the last quote in the clip entirely.

No one seems to be paying attention to this.

I actually want to pull the trigger and put more money in gold, but I'm a little worried because gold is so high. Some say it is going to go much higher, which is a sign of a free-falling dollar. It's just too damn high. I wish I would have listened to that advice years ago.
3-8-2008 3:44 AM
willhelm
Oil futures is a good prospect, but also too risky for me. My advice is get out of debt, incur no debt, and save like the dickens.
3-8-2008 6:15 AM
merrie
I just paid off my visa, now I have 0 balance. I wish I had bought some oil futures when it was at $60, but futures are too spooky now days. The stupid Fed keeps churning out more dollars, which will probably be spent on cheap Chinese junk. Bernacke, Congress and President Bush are 180 degrees off course.

This makes me want to pull my hair out.
I know what you mean, but all this makes feel like
ripping Nancy Pelosi's hair out.
3-8-2008 10:19 AM
willhelm
LOL.
Login to Comment.  Not a member yet? Sign up





Embed This Clip In Your Site...


OK