A Surprise Interest Rate Cut?

Financial market turmoil continues...who would have thunk it: Lehman Brothers declares bankruptcy and Merrill Lynch is acquired by Bank of America. Attention next turns to insurance giant AIG (there is talk of Warren Buffet potentially making a play for the company) and Washington Mutual (the nation's largest thrift). In terms of dark horses, watch out for GE (big financial exposure through it's GE Capital unit). Market scuttlebutt is for a surprise Federal Reserve interest rate cut, particularly with the recent down-draft in commodity prices. Won't do much to settle the economy, and likely to be more symbolic than effective. Every day brings a new story...