THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

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.

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Posted on Sep 19, 2008 at 10:17
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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.

09/19/2008 - 10:38

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