Until we force our politicians and government officials who are there to serve the good of the people to come forth with honesty and opneness, our nation will contiue to spiral downward.
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Warren Buffett, of Berkshire Hathaway fame, currently ranked by Forbes magazine as the richest man in the world, recently told Bloomberg.com, “The worst of the crisis in Wall Street is over.” However, “in terms of people with individual mortgages, there’s a lot of pain left to come.” Mr. Buffett’s conclusion was echoed by Alan Greenspan, former Federal Reserve Chairman, who is reported to have also said that the worst of the credit crisis is over.
The Federal Reserve cut its primary interest rate from 1.0% to a target range of 0.0% to 0.25% and said it will employ all available tools” to promote economic growth and price stability.
By: Money Morning By Don Miller Contributing Writer Money MorningWith the economy in a tailspin, the U.S. Federal Reserve policymakers will today (Tuesday) almost certainly cut the benchmark Federal Funds rate from its current 1.0% to 0.5%.So the question no longer seems to be whether the Fed will ease, but whether the move will make [...]
