Proactive fashion statement
Oct. 29th, 2008 03:11 pm"In an unprecedented move to envigorate the economy the Federal Reserve cut a key short-term interest rate by two percents today, dropping the federal funds rate from 1.5 percent to -0.5 percent. From now on it would not be unusual for banks to offer negative lending when borrowers would owe less than they have originally borrowed." cnn.com