• korbsak
  • ranking : Honourary Member
  • email : ksabhavasu@gmail.com
  • created : 2007-08-06
  • entry : 8
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putting the people first
Saturday , August 18 , 2007
Super Fed.
Posted by korbsak , Reader : 2845 , 21:34:29  
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Super Fed:I am referring to US Federal Reserve Bank. I called them Super Fed because only a week ago, they were playing down concerns over the distress in the credit market. Last Friday morning, they basically admit a mistake by cutting the rates borrowing from the discount window.The Fed’s chairman,Mr Bernanke, convened a  teleconference call, and after an hour of discussion, the 10 policy makers pr....


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