Letâs think for a minute here. We know energy costs are up food costs are up. That is putting a pinch in consumers and corporations. Add to that the rise coming in borrowing costs. As you can see the fed lowering rates has done nothing to lower borrowing costs. Because Bernake and Paulson have lied so much know one believes them they have zero credibility.. Look how banks are behaving, zero trust, zero trust from the highest leaders. FLUSH THE IDIOTS DOWN THE TOILET AND LETS GET SOMEONE WE CAN TRUST. TO MUCH IS AT STAKE HERE.
Look how banks are behaving, zero trust, zero trust from the highest leaders. --------- Imo, this was the point of the 700b. It was not about the money is was about restoring confidence. Confidence first, money second. Now it's not even about the money anymore, it's about tax relief for wooden arrows.
Lets see how the market takes it. I say it won't work. Paulson can not be trusted. The feds have flooded the system with cash, they have a few more rate cuts to go. Thats just not doing anything. The market does not trust the leaders in place, thats a big big problem. I am afraid they just don't have much left to throw at the market. As you can see the market is not impressed.