The Federal Reserve entered a new era Tuesday, lowering its benchmark interest rate virtually to zero — for the first time in its 95-year history — and declaring that it will now fight the recession by pumping out vast amounts of money to businesses and consumers through an expanding array of new programs.
My theory is that they're doing this to avoid the explosion of the Alt loans.
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If we can keep that problem from exploding, we might save this thing.
I completely agree with Malcolm, they are really doing this to avoid the explosion of the alt loans.
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