So thats a few billion for Bern Sterns a few billion to Fannie and Freddie and a few billion for wall street. Wow can the dollar stay strong with all this money being printed? Oh and check out this little quote from the USA Today.
“Brian Bethune, chief U.S. economist at Global Insight, said that without a rate cut to buffer the pain, “The risks to the financial system and the economy are massive. … The economy is very weak. The recession wolves are pounding down the door.””
I predict that everything will hold together until after the election. But once that election is over hold on to your hats were in for a quick market collapse. The economy is not fine. The media is not telling the truth.
— Justin of Vizionkc