Credit Markets Cheered by Fed Move

[Anonymous]

http://www.forbes.com/feeds/ap/2007/08/17/ap4031550.html

Associated Press 08.17.07, 3:15 PM ET

"NEW YORK - Corporate credit markets rallied Friday after the Federal Reserve cut the rate it charges banks on short-term loans from its discount window, yet market participants don't see the move helping to clear the massive leveraged buyout pipeline."

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Message Edited by masdeocho on 08-24-2007 10:34 AM

[Anonymous]

The Fed is like a guy finding an alcoholic who ran out of beer last night, seeing he's going through the DTs, and handing the alcoholic a six-pack of Budweiser while proclaiming his readiness to run to the corner store and grab another case of booze for the drunk should his twitching return.