[lbo-talk] the Fed & Wall Street

[Bob Morris]

>
> They seem willing to stop their ears to the pained screams of traders and
> brokerage house economists.
>

Given Jim Cramer howling today that the too little rate cut would mean some
homebuilders and banks would go belly up, maybe, as you seem to suggest,
that's what the Fed assumes will happen. Thus, they are being real
capitalists rather than crony capitalists, and are letting market forces
determine who survives.

I also think they are seriously worried about what's coming.