- Sep 29, 2000
- 70,150
- 5
- 0
From the same link
We know that the main thing Greenspan did was cut the hell out of the interest rate and so then
I realize that when you have a busted oil well on fire you can actually throw more fire at it to get it out, but analogies like that aside, this is starting to look like if you bash your head against a wall and it hurts you bash it harder so that you'll pass out and not feel the pain anymore.
Alan Greenspan, who ran the Fed for 18 1/2 years, called it a "once-in-a century credit tsunami," and conceded that he made mistakes that may have aggravated the economy's slump.
We know that the main thing Greenspan did was cut the hell out of the interest rate and so then
.Bernanke says he'll use all tools to battle the crisis.
To that end, Fed policymakers are widely expected to lower the central bank's key interest rate
I realize that when you have a busted oil well on fire you can actually throw more fire at it to get it out, but analogies like that aside, this is starting to look like if you bash your head against a wall and it hurts you bash it harder so that you'll pass out and not feel the pain anymore.