If you’ve been following the news you’ve undoubtedly heard that the President signed the $700 billion dollar bailout package. Shortly after this the Federal Reserve cut interest rates. What you may not know is that the when the Federal Reserve cuts rates it lowers the Federal Funds rate which actually has nothing to do with [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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