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And, yes, I DO take it personally: I forgot to mention the Fed's weekend actions
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Monday, March 17, 2008

I forgot to mention the Fed's weekend actions

yep... the fed cut its rate by another quarter point...
The Fed governors in Washington also approved a request by the Federal Reserve Bank of New York to lower the rate at which it lends directly to banks by a quarter percentage point to 3.25%. That narrows the gap between the discount rate and the federal funds rate, for overnight lending between banks, to a quarter point. It also extended the length of those direct loans to 90 days from 30 days.

if this isn't approaching blind panic, i'm wondering what the hell blind panic looks like...

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