Key interest rate cut down yet again!

Ben Benarnke and the Federal Reserve have once again cut the key interest rates this time to dayum near 0%. This unprecedented rate will be kept between 0-0.25%. The Feds figured this would be the best move to combat the worst financial crisis since the 1930's. By lowering the rate they are hoping that this will lower the banking interest rates and get the economy going once again.

So if you are in the market for a new home or need a loan to get a business started, get out there and spend cuz the rates can't get any lower than this!

THE FED NOW OWNS THE WORLD’S LARGEST INSURANCE COMPANY... BUT WHO OWNS THE FED?

DLR is just beginning to touch the surface with it's man in the streets. The Treasury Department, for the first time in its history, said it would begin selling bonds for the Federal Reserve in an effort to help the central bank deal with its unprecedented borrowing needs. One problem though... Why is the Treasury issuing U.S. government bonds (or debt) to fund the Fed, which is itself supposedly “the lender of last resort” created to fund the banks and the federal government. Check out the rest of the article to see what is going on in the world today. MAN!!!!