link to full story: http://money.cnn.com/2008/12/16/news/economy/fed_decision/index.htm?postversion=2008121615
Wow, this is troubling. I know the point is to encourage banks to lend and people to borrow, but the first thing I think of is how my HSBC online savings account rate will surely also be lowered. again.
At the CNNMoney story, take a look the graphic on the right illustrates how drastically the rate has fallen since the end of 2007, when we now know the recession "officially" began.
You've probably guessed that this is coming, but here it is: this blog is no more. For those who are curious, I did get into graduate school—I got into th...