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Interest in Interest Reduction


Posted by Non-Hamster on September 21st, 2007

Well, it had to happen sooner or later.. the interest rates have been cut in an effort to clean up the hideous mess that's been made of the mortgage industry.  I am not a hamster, I can see that it is having a serious effect.. the Dow has been climbing like crazy since the interest rate was announced and executives all over are beginning to think that they wont have to clean out theiroffice desks and start job hunting.

The big question is what's going to be done for the long term?  This kind of fix is all fine and dandy but it's only going to have a short term effect.  The system is still broken and in need of repair.

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