Maybe if the Fed Banks passed along that discount to the consumers...

This is the same moronic theory behind both the McCain and Clinton plans to cut oil company taxes. What the he!! makes anybody think these gaugers are going to pass on a dime in savings anyway.

Only way to bring the gaugers back into line is a windfall profits tax like `The Greatest Generation` used to pay for WWII. Top tax rate was 90% during war, like it should be now. But of course that would mean the unthinkable; the idle rich would have to suffer from the worst boogeyman thinkable - shared sacrifice.

So fiat US credit is being directed to Europe. US banks create or borrow credit at 2%, and lend it out at 6% or more â;; and get a speculative foreign-currency gain as the euro continues to rise against the dollar.

The aim evidently the same as it was in Japan after 1990. Many banks are nearly insolvent as a result of the bad real estate loans on their balance sheets. To rescue them (so that it is not necessary to nationalize them, as England recently had to do with Northern Trust) is to help banks "earn their way out of debt" â;; by making profitable loans.

The purpose of the FED is not to help US business, US consumers, or the US economy. The FED is a private company whose sole purpose is to increase its own profits even at the cost of the US economy.

From your pockets to theirs. And most Americans don`t even have a clue.