Interest Rate
Find a Conversation
Interest Rate
| Tue, 12-02-2008 - 8:40pm |
I am a news nut I watch it all the time on cable There was these two men on there can't remember there names but they were suppose to know what they were talking about.
Here was something I found that they said was interesting. They said the three big auto makers were going to the federal government for loans because the banks had no money to lead then That wasn't a surprise to me
Recently I hear that the Federal Reserve had lowered the prime


You know Mary Ann the reason the Big 3 Automakers won't take out loans is because they can't.
They are not a good credit risk.
Mary Ann, I heard some talking head on TV (I *think* is was Ali Velshi on CNN--may not have been) saying that the Fed was going to go for ANOTHER rate cut in JAN.
Think what worries me is the auto industry and the rest say they are cutting expenses and so deserve help BUT they are doing it on the backs of the workers they are laying off.