Originally Posted by
Busyman
The recent drop in the stock market is due to insane announcements by Paulson and Bush.
....
That bother's me too. If public confidence contributes so heavily to the performance of the stock market maybe they should be a little more carefull to avoid destroying it.
Slightly off topic:
On the daily show Bill clinton said that during the depression the terms of some of the loans at the time were rewritten to make to make them easier to pay off.
When I heard that it seemed like the most obvious alternative to a bail out, and if it sounded like a good idea to me maybe just knowing something was being done would increase confidence to a point where the stock market would see a similar gain to the one we had.
I wish I'd heard more than just bailout vs no bailout somewhere other than on the daily show anyway.
Shovel Ready
Use Logic Or STFU!!!
Posting Permissions
Reply With Quote
Bookmarks