This is the reason why we are where we are today. This is only going to prop the markets up and delay the bottom we actually need. They should have at least waited until Thursday morning.
It's an act of desperation, the market will see through this. Hell I can see through it. Ok guys on three we all cut , 1,2,3 go!
i tell you why: they will then say "well, we did everything to prevent a total financial disaster : paulson plan (yeah..), global rate cut, and nothing worked... so we must nationalize everything, we must protect you from the evil markets and capitalism and speculation"