Comments on: Why the Fed Rate Cut Hurts You http://www.doublejourney.com/2008/03/18/why-the-fed-rate-cut-hurts-you/ Going From Good To Great Fri, 05 Dec 2008 09:02:31 +0000 http://wordpress.org/?v=2.2.3 By: Scoop http://www.doublejourney.com/2008/03/18/why-the-fed-rate-cut-hurts-you/#comment-5973 Scoop Thu, 20 Mar 2008 06:16:29 +0000 http://www.doublejourney.com/2008/03/18/why-the-fed-rate-cut-hurts-you/#comment-5973 Yes, the Fed cut in interest rates hurts us, because this type of economic policy just encourages bad habits too much spending and borrowing and not enough saving and investing. Bailing out the banks and mortgage companies isn't helping us. All it does is contribute to the devaluing of homes. It sucks to have a $300,000 mortgage on a home valued at $280,000. Yes, the Fed cut in interest rates hurts us, because this type of economic policy just encourages bad habits too much spending and borrowing and not enough saving and investing.

Bailing out the banks and mortgage companies isn’t helping us. All it does is contribute to the devaluing of homes. It sucks to have a $300,000 mortgage on a home valued at $280,000.

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