Despite Fed rate cuts, interest rates remain unchanged

Surely you wouldn’t expect banks to pay for their mistakes, would you? They won’t hesitate to ruin your life but they never fail to pass on their problems to everyone else. When Bush and Congress talk about a bailout plan for Wall Street – and no matter what they say, it’s a bailout – remember that the banks are going to squeeze every penny from both taxpayers and mortgage holders to recoup their losses. With analysts now predicting a total real estate decline of 20% from its peak, banks are looking everywhere for extra easy money.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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