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They keep lowering this rate over and over. They have 1 point left LOL. Looks like a last ditch effort to continue the problem that got us were we are in the first place, credit. Thats not the answer, this rate needs to rise to PREVENT people from spending what they don't have. A lesson is about to be learned and classes are about to begin. Is everyone ready for Depression 101? With this announcement, I am now sure the economy will collapse?
ProbableHypothesis 3 years ago
how bout not spending money you don't have. how bout not borrowing 120% homeloans and then spending equity on suvs and other liabilities, ESPECIALLY when you are in a housing boom. you can't keep passing the buck! that is why your country is in the exact position it is in.and as aresult ruining the world economy.
basho81 3 years ago
The Fed should be dissolved. They created this problem and they're going to make it worse.
Guynoire11 3 years ago
Stay with America, Lord, for it is necessary to have You present so that we do not forget You. You know how easily we abandon You.
Stay with America, Lord, because we are weak
and we need Your strength, that we may not fall so often.
Stay with America, Lord, for You are our light, and without You, we are in darkness.
Stay with America, Lord, to show us Your will.
Stay with America, Lord, so that we hear Your voice and follow You.
JMJ Pray for McCain/Palin & Hannity/Lambaugh/
Levin
catholicmother27 3 years ago
How about cutting the interest on credit cards? That might help a bit, too!
gungagin 3 years ago