12:05 White House says 'absolutely no plans or discussions' to interfere with functioning of U.S. markets - Reuters Very seldom will you see "White House" and "plans" in the same sentence.
This is a joke right? I guess the $700 Billion will just sit at the Fed Reserve Bank of NY gaining interest for the American taxpayer...
If Drudge hadn't been lucky enough to get that Time story about Monica's dress all those years ago, he would be just another nobody blogger today.
Yes, intermediate support. Maybe not forever, but for a while if they can let it be. Look at gold, though, and the bonds. The fear's starting to subside, IMO.