Quote:
Originally Posted by GDSOB
I don't think the rate change was to save the housing market- it won't. Way too far gone. It does temporarily prop up Wall Street.
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Agree. You can't "save" a speculative bubble/Ponzi scheme. Nor should you "save" it. The market needs to correct itself by deflating the speculative bubble.
It does temporarily prop up Wall Street, though. That's why it was done.