Wall Street Tumbles Amid Global Sell-off
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dude, where's my country?
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At least we know things can get worse ! Michael Stephen Nolan Cork - Eire
8th October 2008 6:55 pm
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Now is the time to panic.
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lol
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Rum & Gold is up though.
You gotta think like a Pirate.
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good thing the bail out was McCains Idea Good Job BUddy!
well at least he wanted the credit for it =p
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They want you to buy, DON'T DO IT!!! Let it burn. Who are you rescueing?
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Paulson's Ponzi Scheme,
or
How to Kill the Credit Markets:
* Fed, as THE lender, nationalizes corporate debt;
* TARP isolates this debt from Fed balance sheet so Treasury still appears solvent;
* Treasury auctions treasury debt (Ts) to fund TARP;
* Holders of TARP's Ts, seeking safety, hoard cash to buy more Ts;
* Repeat.
Thus, private & corporate credit shrivels up & dies leaving the Fed to lend, and the Treasury to owe, everyone everything.
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Let it burn, let it burn!!!! Rome.
meekone2007 3 years ago 4
thats right burn!!!!burn!!!!buuuuurrrrrrnnnn!!!!!!!!!
lexyota 3 years ago 2