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"Cutting the discount rate was a good move by the Fed to provide liquidity, but I believe it was wrong to announce it before the open today. Providing liquidity to keep the credit market functioning is one thing, but intentionally demolishing the shorts in the index futures options shows a bias. The Fed should want properly functioning markets and have no bias to their direction. The cut announcement could have been made after the market opened today." - Eddie, Mississippi

"If anyone thinks that the Fed move solves any of the problems in the economy, they are dreaming. This economy is headed into trouble. As for the stock market, can you imagine what is going to happen when the homebuilders and the financials report greatly reduced earnings or even losses?" - Ken L.

"Anyone who would not agree that this was the right thing to do simply is not looking at the markets and is too young to be instructed about markets. Of course it was exactly the right thing to do in a process of actions that we should all expect/hope is in the mind of the Chairman. The ship is being steered properly and by the absolutely perfect captain. The market needed to, and still needs to, squeeze out some of the excesses that existed in the mortgage markets, especially the subprime segment. We are going to be okay and move on just fine." -  Sam T.

"Ben met with George. George told Ben to do something to make sure the rich get richer and the poor stay poor. So Ben did what George told him to do. Now all of the stupid mistakes that all the dumb mortgage companies and banks have been making are erased with one stroke of the pen. Now all of you 'news people' can continue to tell all of the sheep that are pouring their money into the market that 'all is well again and there are no problems.'" -  Michael R.

"Bernanke me this? Would you cut the Fed Funds rate when the markets are behaving like the world is coming to an end? I don't think so! The discount rate was the right thing to do! GO FOMC!" - Joseph P. C. 

"The Fed did the right thing but it is not enough. They have been injecting liquidity and now they have to cut the discount rate. Now, I hope they lower the Fed Funds rate." - David T.

"The financial community is clamoring for lower short-term borrowing rates from the Fed. They warn about a credit-crunch and a sudden withdrawal of cash availability from our economy. At the same time, they inappropriately continue the avalanche of credit card offers to consumers on a daily basis and charge 20% to 30% or more on outstanding balances. If the financial community would be willling to exercise a little more discretion when issuing credit cards, forego their current windfall and accept a paltry 8% to 12% return on outstanding balances, the resulting infusion of cash into our economy would be trememdous."  - Tim O.

"Chair Bernanke made a courageous and right minded decison by effecting a discount rate cut. Given the propensity for continued global expansion, inflation remains a concern. Cutting the discount rate reduces the expectation for renewed inflation pressures while simultaneously freeing up capital flows. Kudos to The Chair." - Bruce G.

"The Fed has sided with the reckless bulls. It is taking sides (playing dirty) on a triple-witching day. They MUST be fired." - Sanjay, Orange County

"I think the cut of the discount rate was perfect. It buys the Fed time to consider a much wider range of issues before they go with an official rate cut, which may be unnecessary." - Don R., Miami, FL

"While it was probably wise for the Fed to cut the discount rate, doing it when it did was pure manipulation of the market to get the desired outcome the Fed wanted. Knee-jerk monetary policy? Give me a break!" - Harvey F.

"Nothing more than an attempted bailout." - Timothy D.

"Well, Messrs. Cudlow and Cramer got what they wanted - a Fed bailout of the market risk takers. However, I hope they don't forget that for every winner there's a loser. The loser in this case are those Americans who chose to invest in 'safe' U.S. Dollar denominated investments like bank CD's, Treasuries, etc. Unfortunately, it's always the 'big boy's club' that has the upper hand and it looks like they won again. For those who believed in safety and soundness and chose to avoid risk, they will continue to see their life savings dwindle away as their U.S. dollars buy less and less both at home and around the world." -  Alan, South Carolina

"I think the Fed did the right thing to lower the discount rate as a temporary fix to the liquidity problem." - Roger S.

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