plumber's Blog

by plumber from Winter Springs

Last Post 196 days, 2 hours Ago

Feds cut rates again

Mar 18, 2008 | 5:53 PM
Category: News

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Can someone explain to me how the feds cutting rates again is going to help the economy when the banks are not going to pass on the rate cuts to the consumer?

It sounds to me like the banks are getting all the help, they are borrowing cheap money to cover all the bad loans they made. How is this going to boost consumer confidence?

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plumber

Husband, cat & dog lover, and my wife is my best freind. Offshore fishing is our biggest hobby.

Member Since: 8/3/2006

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