Pumping Money isn’t answer enough
The financial markets have been going nuts lately with the Dow falling so far in so short a time. Now the Fed is gonna pump money into the system to try to calm people down. Thing is, even if it gets any results, they’re only going to be temporary until another problem comes along. Besides which, this mortgage problem is NOT going to just go away nice and easy. I have no doubt that it’s going to get messier before it gets better.
The Federal Reserve, trying to calm turmoil on Wall Street, said it will provide
liquidity to help bolster U.S. financial markets. But the move didn’t appear to ease
investors’ worries, with the markets dropping sharply again in early trading.
The really bad part is that a lot of good people are going to be taken to the cleaners before it’s all over.
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