For general discussion and debate. Possible talking point: the financial crisis.
Lehman has filed bankruptcy, B of A has bought out Merrill, and stocks are collapsing. What else should the Federal Reserve do IF ANYTHING, and when does this crisis finally end?
Consider that oil is plummeting this morning -- down to about $95 -- as is wholesale gasoline. As the commodities bubble has clearly burst, might the Fed have more room now to ease monetary policy, bring down interest rates, and allow the remaining healthy banks to improve their profit margins which will increase lending down the road?
How do you see this all washing out?