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Cut the Corporate Welfare Umbilical Cord Rumors that Federal Reserve Chairman, Ben Bernanke, would again reduce interest rates by at least 25 basis points elevated Asian and European stock markets and rattled the New York Mercantile Exchange oil speculators.Normally, such an action by the Fed- the all purpose government guarantor of "Wall Street's" reckless risk taking - would be viewed as stimulating the overall economy. But what is on the financial tycoon's minds these days is the rapid metastasis of the sub-prime home mortgage crisis.

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Cut the Corporate Welfare Umbilical Cord

Rumors that Federal Reserve Chairman, Ben Bernanke, would again reduce interest rates by at least 25 basis points elevated Asian and European stock markets and rattled the New York Mercantile Exchange oil speculators.Normally, such an action by the Fed- the all purpose government guarantor of "Wall Street's" reckless risk taking - would be viewed as stimulating the overall economy. But what is on the financial tycoon's minds these days is the rapid metastasis of the sub-prime home mortgage crisis.