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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

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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