@Charlie Clark Re: The FED my be reversing that 0.25% rise
I agree except I in this case it isn't just about hitting targets for the quarter. The FED is propping up the entire economy.
I wasn't a big fan of TARP when it was proposed. But it at least addressed the root problem: all that bad MSB debt. But a funny thing happened on the way to implementing it. Instead of actually buying the MSB debt, it got diverted elsewhere and the MSB debt was left in the system. So the castor oil flavored ipecac we were all forced to take didn't even address the issue it was supposed to address.
Yep, not a good place at all.
Biting the hand that feeds IT
