mrfrugal

ARE YOU FREAKIN KIDDING ME!! Ben Bernanke is a stupid son of a bitch if he thinks that lowering interest rates will help the economy. The only benefit of lowering interest rates will go directly in the commercial banks pockets.  Banks are not willing to take on more risk right now so they will continue to offer the same loans they are offering now but the banks will have less costs since they will borrow at .25% and make loans at 6-7%.  Why is the federal government giving money and benefits to industries that started this credit crisis?  We should be sending the top dogs at these companies to jail or at least put their faces on a website titled or in a major magazine “Deadbeat CEOs”.

If the banks do not lower their borrowing rates within two weeks the fed should then raise the interest rates up 50 points to .75% and let the banks make less profit.