Wall Street Manna

An irreverent look at Wall Street

Monday, December 3, 2007

December 12 Headlines?

Jesse Jackson shames the Fed to enact deep rate cuts
Discount rate slashed 75 basis points, Fed Funds cut 50

Pick your headlines!

Jesse Jackson is organizing a march on Wall Street on December 10th, to fight back against predatory lending. He quotes Goldman's figure of a $2.2 trillion dollar loss.

Maybe he can get the suits in the Eccles building or on Broad and Wall to sweat! But the Fed is so ridiciously behind the curve that it isn't even comical.

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