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Colin Powell - [F]ar from being the Great Satan, I would say that we are the Great Protector. We have sent men and women from the armed forces of the United States to other parts of the world throughout the past century to put down oppression. We defeated Fascism. We defeated Communism. We...

USD showing strength against EURO... 1.4670 -.0043 on the day.... looks like FX market might be thinking .25 bps cut only

-you are suggesting a market solution, specific to lenders and borrowers. I am all for that. That seems an appropriate response. A more general gov't mandated freeze/ workout will have unintended consequences.

I would guess that if the gov't requires lenders to freeze rates or limits the market flexibility of rates, we will have a supply/demand imbalance. Credit will be harder to come by for any purpose if banks feel that they can't set risk appropriate rates. A market solution seems superior to me...