Comments on: Fed Issues Major Rate Cut http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:11:52 -0500 http://wordpress.org/?v=abc hourly 1 By: Jacquie http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/comment-page-1/#comment-115532 Jacquie Fri, 22 Feb 2008 19:18:40 +0000 http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/#comment-115532 Will the stimulus check be garnished to offset student loans? Will the stimulus check be garnished to offset student loans?

]]> By: Nick http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/comment-page-1/#comment-114636 Nick Thu, 24 Jan 2008 12:11:44 +0000 http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/#comment-114636 Banks interests are falling now. My banker called me to postpone meeting because of the Fed's cut. I don't wish to be a banker right now. Yet who knows... they will figure another way of "skinning" you. wait for for more fees on your investment accounts. Banks interests are falling now. My banker called me to postpone meeting because of the Fed’s cut.

I don’t wish to be a banker right now. Yet who knows… they will figure another way of “skinning” you. wait for for more fees on your investment accounts.

]]> By: KC http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/comment-page-1/#comment-114604 KC Wed, 23 Jan 2008 02:23:09 +0000 http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/#comment-114604 I for one am glad to see these cuts if it will help the stock market. I still don't think we're out of the subprime mess. But these rate cuts will reassure the markets (domestic and international) as well as lower rates so some of these subprime folks will be able to refinance to a fixed rate that they can afford. But for us savers this is not good. Our money in the bank will be earning practically nothing - might not be a bad time to lock in some CD rates. I for one am glad to see these cuts if it will help the stock market. I still don’t think we’re out of the subprime mess. But these rate cuts will reassure the markets (domestic and international) as well as lower rates so some of these subprime folks will be able to refinance to a fixed rate that they can afford. But for us savers this is not good. Our money in the bank will be earning practically nothing – might not be a bad time to lock in some CD rates.

]]> By: Ria Rhodes http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/comment-page-1/#comment-114599 Ria Rhodes Tue, 22 Jan 2008 22:46:28 +0000 http://www.fivecentnickel.com/2008/01/22/fed-issues-major-rate-cut/#comment-114599 Recent actions by our federal reserve suggestive of reassurance for our international friends, and to stoke domestic lending/borrowing. Same rules apply as always to us little people during these days of malaise - reduce debt load, dollar cost average into our diversified allocations, and stop adding new debt! Suggested reading in the interim: "The Crowd" by Gustave Le Bon (appropriate read for these "what's the crowd doing?" days). Recent actions by our federal reserve suggestive of reassurance for our international friends, and to stoke domestic lending/borrowing. Same rules apply as always to us little people during these days of malaise – reduce debt load, dollar cost average into our diversified allocations, and stop adding new debt! Suggested reading in the interim: “The Crowd” by Gustave Le Bon (appropriate read for these “what’s the crowd doing?” days).

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