If Congress even gives one more dime to the bastard bankers that raped this country
Everyone of them will be looking for new jobs unless they voted not to give it to them.
What good is a rate cut going to do, it only helps the Bankers it doesn't do a thing for the people!
Die like the rest of us you bastards! Nobody deserves it more!
The majority of questions from the Senate Banking Committee are being directed to Fed Chairman Bernanke and Treasury Secretary Paulson.
Paulson was asked if he could do his plan with less than $700 billion, such as $150 billion, and then Congress would then reevaluate. Paulson said this would be a grave mistake, as the plan needs to have the confidence and tools to do the jobs, even though the Treasury does plan on spreading the purchases out over time. Paulson added that the plan is not an expenditure, rather American taxpayers are receiving an asset that will be eventually sold.
Fed funds futures are indicating a higher chance of an October rate cut since the testimony started. Fed funds futures current suggest a 62% chance of a 25 basis point cut, compared to a 34% chance yesterday.DJ30 +21.51 NASDAQ +8.85 SP500 -0.04 NASDAQ Adv/Vol/Dec 1140/825 mln/1522 NYSE Adv/Vol/Dec 1154/454 mln/1909
