The US treasury may have halted a global market dive some feared would cost billions of dollars.
An interest rate cut as dramatic as 0.75% could make it easier for Americans to manage their mortgages and debt.
But some business leaders say this action is too little, too late.
Duration : 0:2:5
12-05-09 my savings …
12-05-09 my savings account is only earning .025%. Savings accounts earned 3% during depressonary times. This is nuts!!! Does anyone else agree??
12-05-09 This …
12-05-09 This seems nuts!! I just checked my savings bonds. They are the i bonds. They are currently earning 0%. So, I guess I give the government a free loan??
While looking for …
While looking for sites about interest rate I found your site on US cuts interest rates after global market drop – 22 Jan 08.
There is a problem. …
There is a problem. If you have studied Economics, you would already know that banks DO issue currency electronically through deposits and the money multiplier effect. Banks have control on the money supply
AMEN BROTHER! RON …
AMEN BROTHER! RON PAUL 4 PREZ!
Funny, people used to think Columbus was crazy for saying world was round. Who found our country again?
No, they’re not the …
No, they’re not the same.
bythewayof10
I …
bythewayof10
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-u
homeless on the …
homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson
Every time the central bank loans money we don’t have backed in gold they doing exactly what our founding father warned us not to let them do and its outcome is becoming more reality today.
V.
its a totalitarian …
its a totalitarian economy where people are accountable to their economic masters, who dictate quality of life with concentrations of capital. in this economy, economic growth means nothing more than higher returns for high capital. living standards have been decreasing in the US, while the euphoric “economic growth” was happening under bush; now we get to see that even this “growth” was nothing but fraud to service high capital.
taxpayer money is …
taxpayer money is the only thing holding this rotten market afloat, and thats not even doing too good of a job. once again the big investors (hedge funds, investment banks) get to run rampant in the market with no SEC oversight and the taxpayer picks up the burden when they bail out of the disaster they have arranged.
time to pay the …
time to pay the piper. i guess with the money the govt. is going to send us. we’re down to desperation tactics now. too bad the people that didn’t vote us into this mess have to suffer along with the idiots that did.
Obviously recession …
Obviously recession will return, in stronger force (as it always does, each time) if we don’t make some serious changes in the way we stimulate our economy. Obviously investing in the numbers isn’t working, and treating workers like and paying them crap isn’t working either. Because then they need loans and credit and get in debt, and it all goes down.
This is all by …
This is all by design. The events that have transpired were by design. If this was the 1980′s the RATES WOULD GO UP!!!
Bedlam, Armageddon. …
Bedlam, Armageddon. It is all coming. The new Dark Ages will be here shortly…
its called sarcasm
its called sarcasm
His name was Robert …
His name was Robert Paulson…
His name was Robert Paulson…
With every tick of the clock you can see the pressure building, the system collapsing and the dawning realization spreading. Won’t be long now, no not long at all.
a nice little peace …
a nice little peace of massmedia try of insult.there has been some losses at europen stock markets,BUT there where not even signs of panic like the speaker of this show said.
Newsflash Daritto: …
Newsflash Daritto:
George Bush IS a dictator and has changed the constitution to suit his agenda. The checks and balances that you speak of are history.
Daritto: What you …
Daritto: What you fail to understand is that George Bush is funding his private war in Iraq through loans with China, at this point they are holding close to 300 billion dollars in US Treasury bonds.
Yes, with George Bush, anything’s possible!
the Fed,Capitalism, …
the Fed,Capitalism,its all the same.
ok, you are my …
ok, you are my friend
(AL) Not again! LOL …
(AL) Not again! LOL I have forgiven you your misogyny, and refuse to get angry with you again. (smile)
we were misleaded …
we were misleaded for decades so atleast this vote carefully and choose MR Right but not MRS Right
that wouldn’t …
that wouldn’t help.that would probably pull the market into a full reseccion..and he’s not a dictator…we have checks and balences in america and we have to abide my that…even if in your eyes you think he has more power…he really doesn’t
that would be the …
that would be the wrong move..puting even more power in China..America’s not ever going to do that…just not possible.