Comments on: Federal Bank Interest Rates Face 0.25% Drop

By: Money Market News » Federal Bank Interest Rates Face 0.25% DropBest CD (Certificate of Deposit) Rates, Money Market Rates, High Interest Accounts

Mon, 17 Dec 2007 10:34:33 +0000

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By: Curls

Curls — Thu, 13 Dec 2007 06:18:31 +0000

Rob Lowe –

How about stop blaming US for being less than perfect. You’ve been listening to the overseas rhetoric too long that says attack the US “It’s too strong and too arrogant”, with no compassion that it’s as imperfect as every other country out there and we know it. They just don’t know that we know it. Spreading hate against your country (yah the word terrorism isn’t hateful in this context, when it’s this overblown?), it’s going to fix what’s wrong. And you certainly know what’s wrong has deeper roots in all the global shifts our country isn’t weathering grandly – not just US Bank policies on housing morgtages.

Your facing sadly one of the risks of overseas employment. Risks can’t be sued for. I’m sorry for your losses and frustration.

By: Steve Weinberg

Steve Weinberg — Mon, 10 Dec 2007 18:46:56 +0000

I used to work as a bond trader for Goldman Sachs (retired), and I would recommend locking in mid to longterm CD rates before the FOMC decision.

I am 100% sure we will see a 25bp interest rate cut, and this is what the market and all the banks expect. Deposit rates will only continue to fall for the next few 2 or 3 fed meetings.

By: Rob Lowe

Rob Lowe — Mon, 10 Dec 2007 09:28:49 +0000

I’m interested in others opinions about whether there is the basis for a massive lawsuit against major US banks and SIVs that created the current financial crises which has resulted in significant loses for for Americans living abroad and on fixed incomes. The charge: Financial Terrorism and the de-stabilization of the the US and Global financial markets. The damages: By forcing the Feds repeated cuts in interest rates, US citizens living on fixed incomes and US citizens abroad who are effected by exchange rates have suffered significant loses of income and a reduction in their standard of living.
Any opinions?