BREAKING NEWS: Federal Reserve Bank Lowers Rate By Quarter Percentage Point.

This is the seventh FED. rate cut in recent memory and makes the new rate 2%.

You think this is going to help the economy? Doubtful.

You think it's going to help your pocket book? Don't count on it.

Banks and lending institutions are like gas stations. When was the last time your local gas station lowered prices QUICKLY based on good news from OPEC? The reverse is usually the case!