On 6/26/07, Jayson Funke <[EMAIL PROTECTED]> wrote:
So the Fed is favoring Wall Street when lowering interest rates more than say bankers, yes? Real interest rates would drop and thus bankers would lose out because it is also, I imagine, short-term low-interest lending.
not if deposit rates also drop, along with the rates that banks have to pay for borrowings. Bankers don't care about the absolute level of rates -- but about the spread between the cost of funds and the loan rate. -- Jim Devine / "Bong Hits 4 Jesus."
