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Dow Sinks Despite Worldwide Interest Rate Cuts

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Uploaded by on Oct 8, 2008

In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. (Oct. 8)

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Top Comments

  • federal reserve created this problem it should be abolished

  • FUCK THIS US Government I hope they all die a slow painful death

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All Comments (7)

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  • There will be no recovery. It is OVER!

    America you're DONE!

  • you want to fix all this shit? Take 700B and divide it equally between the middle class only. Send all the middle class a nice fat check in the mail. Tell me that wouldnt work.....

  • Interest rates will not have the effect!!!! Again its a smokescreen to the fact that wages for most are minimum, production has been moved to China to profit from low labour costs,the economy is struggling and people would be stupid to borrow their way out of this one! We are waking up!!

  • Rate gets cut 1/2 percent but banks followed with only 1/4 percentage. Unfair!

  • Listen to Paulson, he wasn't talking to us. He was talking to every wealthy person in the world. Let it burn, people below 40 take your money out. People older pray, hope they have good relationships with young in their life.

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