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"The Federal Reserve stands to take additional actions as needed to provide liquidity and promote the orderly functioning of the markets." - Chairman Bernanke at Jackson Hole, National Post, September 1, 2007 "Lowering interest rates will certainly help the stock market. There is no question about it." - CIO Harris Private Bank, Bloomberg, September 11, 2007 (In early September, treasury bill rates were 4.35%. The recent low has been 0.0%) "Bernanke claims his rate cut would enable him to 'To get out ahead of the situation." - Wall Street Journal, September 20, 2007 "The Federal Reserve will continue to monitor the financial markets and act as needed to support the effective functioning of these markets and to foster sustainable growth and price stability." - Fed Governor Randall Kroszner, AP, October 22, 2007 "[T]he 1970s... [read full story]
