Oct 25, 2007

Andrew Brenner begging for 1/2% rate cut from Fed

If the Fed wants to keep the economy going and the Fed wants to keep housing from deteriorating further and they want to keep the banking system solid, they are going to have to ease by 50 [basis points], as well as 50 in the discount rate.' Brenner said in an Oct. 22 interview.

~ Andrew Brenner, co-head of structured products, MF Global Ltd., October 22, 2007 interview

Source: "Wall Street Wants 50, Fed May Give Zip for Now," Bloomberg.com, October 25, 2007

No comments: