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Aug. 15 (Bloomberg) -- Federal Reserve Bank of St. Louis President William Poole said there's no sign that the subprime- mortgage rout is harming the broader economy and suggested an interest-rate cut isn't yet needed.

This guy is not helping matters. Part of the same old gang that has been singing the same old song for over a year now.

Exclusive video of the herd getting excited last month over DOW 14K: video.
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