Will The Rate Cutting Stop Here?
2 11 2007NYTimes: A Rate Cut By The Fed, But A Sense It Stops Here
“This is not a housing correction. It is a massive, once-in-three-generations bursting of a housing bubble. It’s a catastrophe, not a correction.”
And: Fortune’s Allan Sloan asks if banks should be considered “too big to fail,” or expected to fully bear the consequences of the risks they take?
