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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Toxic-debt plan and short-selling curbs lift markets

The U.S. government was crafting a sweeping bailout to mop up toxic mortgage debt that will likely cost hundreds of billions of dollars, curbed short-selling and guaranteed money-market mutual funds, sending global stock markets soaring on Friday.

Webmaster's Commentary: 

The problem has not gone away. It's just been shifted from Wall Street onto the taxpayers.

Comments

Toxic-debt plan

poorrichard

When the Stock Market goes up, it means the borrowers are wining, when the Stock Market goes down it means that the savers are winning.. High interest rates are good for savers, but crummy for borrowers.

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