Monday, August 13, 2007

Stocks Slide, Feds Infuse, Bernanke Remains Silent

On Thursday, the Dow Jones Industrial Average plunged 387 points. Accordingly, the Federal Reserve infused $24 million. This reply is insufficient. Wall Street is turbulent. The credit and housing markets are volatile. Federal Reserve Chairman Ben Bernanke should have acted. He should have sliced interest rates.

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