Saturday, September 29, 2007

Investors to Fed: Thanks for nothing

One of the core principles of the U.S. medical profession is the Hippocratic oath, the most famous part of which is "Do no harm." It's too bad that the governors of the Federal Reserve Board don't have to take such a pledge when they assume office, because their recent interest rate cut has done a lot of harm to those of us who've managed our finances prudently.



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[Source: Financial news of the day - CNNMoney.com]

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