let’s face it. We are now a socialist country if not close to a communist one. With our government in direct control of our banking system and manipulating the global markets to prevent CEO’s from losing their millions it seems like they should at least give the American people a reach around in the form of free health care…
Stocks spike after Fed unveils plan to buy massive amounts of corporate debt
Wall Street is moderately higher in early trading, with investors encouraged by a Federal Reserve plan to buy massive amounts of short-term debt from companies.The plan unveiled Tuesday calls for the Fed to buy the short-term debt that companies use to finance their day-to-day operations. That would help create demand in the credit market and make it easier for companies to raise money.
But here is the part I love….
Investors who are still clamoring for an interest rate cut were relieved by the government’s new measure to help the economy. The credit markets seized up after the failure of Lehman Brothers Holdings Inc. Banks have been reluctant to lend to most customers, including other banks, fearing they won’t be repaid.
Yep, you read it right. The greedy fucks want more. MORE. Now they want a rate cut. Because, god forbid profit margins are eroded and we don’t meet the streets expectations.