Thats the way to do it, why not just drop them to 0% COME DROP THEM ALREADY TO 0%%%%%%%%%%%%%%%%%%%%% So tired of these fu$king INJECTIONS, just let it be, let the markets do what they should do with out getting involved everytime there is another bump in the market place. AP Fed Takes New Steps to Ease Crisis Sunday March 16, 7:21 pm ET By Jeannine Aversa, AP Economics Writer Fed Approves Cut to Its Lending Rate to Financial Institutions to 3.25 Percent WASHINGTON (AP) -- The Federal Reserve has approved the financing arrangement announced by JPMorgan Chase & Co. to acquire Bear Stearns Cos. It also has approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent and created another lending facility for big investment banks to secure short-term loans. The cut to its lending rate and the new loan facility announced Sunday are the central bank's latest steps to prevent a spreading financial crisis from plunging the country into its first recession since 2001, if it hasn't toppled into one already. The new lending facility will be available to financial institutions on Monday. It will be in place for at least six months and "may be extended as conditions warrant," the Fed said.