[lbo-talk] Fed cuts

[Doug Henwood]

[this is two days ahead of a scheduled meeting - these guys are  
losing their shit]

NEWS ALERT
from The Wall Street Journal

March 16, 2008
The Federal Reserve has approved a cut in its lending rate to banks  
by a quarter point to 3.25% and announced a new lending facility  
designed "to improve the ability of primary dealers to provide  
financing to participants in securitization markets."

http://online.wsj.com/article/SB120571194513840285.html?? 
mod=djemalertNEWS