From Mortgage Meltdown to Financial Tsunami
September 17, 2008 by Bridget Ayers
Filed under Business
On Tuesday the Fed’s took what some called a “tough love” stance and chose to hold the Fed Funds Rate at 2 percent for the third straight meeting. This move leaves the prime lending rate at 5 percent. The prime rate is attached to credit cards, equity lines, student and car loans. The Fed did [...]
