For arguments sake, let's say it's true - and I'm not saying it is. The only reason I could come up with is they need the time to adopt the new FASB mtm rules and anticipate a really big bank (or two) blow-up - one that not even the FDIC could handle in time. So... Bank Holiday, shut down trading and have a "managed" bank implosion. They immediately nationalize it and chop it up. A managed soft landing, then they re-open markets and banks. Why do they need the holiday? to buy time and make sure people will be calmer after the wind-down. If they don't and the markets and banks are open - it would be a panic like we experienced w/ the money markets in the Fall '08. (I'm taking the tinfoil hat off now)
They can't shut all markets down. Forex, Commodities (ICE), international markets, the USD....all of these are at risk in such a move.
No, that's not my point. If I didn't think it could happen, I'd never have posted in the thread. Try not to be a dick. My point was that I'm not sure they're prepared for the international fallout that will occur from such a move.
Please don't bring rational arguments into this discussion, this thread is marked for loony conspiracy theories only.
I am willing to wager that there will be a bank holiday before the next US presidential election. worldwide the financial system is teetering particularly in the US and Europe.
That's exactly what weekends are for... And, that's exactly what they did when Bear Sterns failed, they took care of it over a weekend. The Fall of '08 happened because they let Lehman Brothers fail.