This is simply classic

This reminds me of the news story about the french tax employee who had an abnormally small brain and most of his cranial cavity was literally empty. According to the story he led a "normal" life. Right... normal in France you mean?.
 
Even before i heard the news about SocGen i though it was strange.

Asia and Europe go down hard and the US market follows in sympathy, but its the US who cut rates????


The current Fed board remind me of the Ant Hill Mob (remember them?), tasked with saving the Economy instead of Penelope.

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Quote from palenimbus:

So in other words the fed based their 75 cut on massively incorrect assumptions? This just proves how beholden the fed is to market moves, compared to the ECB who didn't flinch throughout that whole ordeal.

LOL the fed is a pathetic joke
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Interesting.

I think that the FED has been anything but beholden to the markets UNTIL this week.

Yet, another BUSH appointee with very little clue . . . You can add Bernanke to the likes of other BUSH appointees like Michael Chertoff, Christine Todd-Whitman, Gonzales, Colin Powell, Rumsfeld, etc.

Without a doubt, the worst Administration in many, many, moons.

Totally incompetent.
 
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