> Jake wrote: > Interest rate cuts generally help the market. > Not in this case because nobody wants to lend money. Banks are hording money because a.) they don't trust anyone and, b.) they're hoarding cash because they don't know which of their outstanding loans will default causing them need cash.
Thus it's all about liquidity and flooding the market with enough money until the banks have no choice but to lend. Or the government will have to step in and restructure the banking model. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:273130 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
