Published on Public Agenda (http://www.publicagenda.org)


Fed May Resort To Dramatic Interest Rate Cut

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The Federal Reserve reportedly may cut the federal funds interest rate to near zero, to jumpstart the economy, with industrial production down, unemployment causing nearly half of all foreclosures, and Fannie Mae now moving to help tenants of foreclosed landlords. Bailout watchers have found a huge loophole in limits on executive compensation, and crafters of the proposed auto industry rescue are said to be mulling a requirement that companies getting help first declare bankruptcy. We've got economic choices to make: stay informed with the Citizen's Survival Kit.

Source URL: http://www.publicagenda.org/articles/economy-politics-folo