The Feds meet today. Will what happened in the market yesterday and the concerns about AIG and other insurance/banking giants affect their decision? Will they lower rates again? How much?
How low can they go?
Who is watching and regulating the insurance and banking industries? Are balance sheets released to these governing bodies? Is there creative accounting going on like we learned about at Enron?
Economics is a science and a complicated one.
Today I have more questions than ever. It's difficult to sift through to the truth with all the political mud slinging going on. The finger pointing and the blaming are not helpful.
'til later
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