23 Aug, 2007 from washingtonpost.com - Robert D. Novak -- Columnist

The Fed Behind The Curve

The unexpected, widely praised cut in the discount rate last Friday only momentarily removed pressure from the Federal Reserve. While the Bush administration and conservative economists deplore bailing out improvident investors, leaders of the mortgage finance industry consider it unthinkable that the central bank will not take decisive action.

Robert D. Novak Thu, 23 Aug 2007 00:00:00 EDT

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Source: http://www.washingtonpost.com/wp-dyn/content/article/2007/08/22/AR2007082202401.html?nav=rss_opinion/columns
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