oh, thank God.
It's probably daft monetary policy, but it's worth it if we don't have to listen to Larry Kudlow and Jim Cramer anymore.
Heck, I was willing to snark that someone should just give Bear Stearns, et. al., a $17 Billion interest free loan, just to get 'em to shut up.
Let's see if their cronies follow-up and cut the Prime Rate, already.
(btw, he probably didn't plan it that way, but it was masterful how Bernanke ended up managing the whole thing so far: getting some action on the real problems before handing out some liquid candy.)
Tuesday, September 18, 2007
Fed Cut Rates
