Prepare For Another Market Crash, * About To Speak

[lligrd]

President Bush was scheduled to announce the new initiatives early Tuesday after executives of the country's biggest banks were summoned to a remarkable meeting at the Treasury Department on Monday. Treasury Secretary Henry Paulson basically told the bank CEOs that they had to accept the government stock purchases for the good of the U.S. economy.

More > http://biz.yahoo.com/ap/081014/financial_meltdown.html

[melody]

1. Why don't they give the performing monkey a banana

And tell him he already spoke? Dubya wouldn't be able to tell the difference.

[Oregone]

2. Prepare for one anyway...

You think we have hit the bottom? Ive seen friendly estimates projecting severe recessions with at least 10% unemployment. Do you think a few G7 photo op meetings and more stimulus bills is magically going to fix something so absolutely fucked up as the worthless paper killing the economic system, wiping out established banks, and bankrupting whole nations? Markets fluctuate on their way down and up, and by the end of the week, you may be surprised again.

[aquart]

3. It needed to be said.

I can't believe there are people thinking a good day means it's over.

[malaise]

4. The reason the annoucement that they were partially nationalizing

banks was made yesterday was clear. It was for the overseas markets. How Americans market investors react to this should be interesting.

[regnaD kciN]

5. No, a good day doesn't mean it's over...

...but a good strategy (thank Gordon Brown and Chris Dodd, with a little help from Barack Obama) gives a reason to believe that we can stop the current bleeding.

The thing is, this is just the short-term remedy. Once the credit crisis is over, we have to deal with the other serious flaws in the economy.

[Oregone]

6. "Once the credit crisis is over" -- You counting in weeks, months, or years?