I was doing my usual perusing of the foreign newspaper and media websites (this is how I get the real news without that well known BushCo bias) and I came across an article at BBC.co.uk that caught my attention.
The credit crunch has hit the US economy hard. From Wall Street to Main Street, loans that looked rock-solid a year ago now look shaky.
And the US central bank, the Federal Reserve, is throwing away the rule book to contain the effects.
My emphasis.
That is a pretty strong statement. The Federal Reserve is Throwing Away The Rule Book to contain the effects.
There is more.