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The fed and treasury have really lost their minds. Every time the market loses 7%, they come up with a dinky announcement like: "Treasury said planning to buy regional bank shares" More coordinated global efforts are needed now. That's the only event the market took to heart. US unilateral...

Does anyone take Bernanke seriously anymore? Greenspan, Volker, these guys would at least be trying to cut rates his morning. Paulson lost his cred when he threatened us with a market crash if the bail didn't pass. Then he took our money and the market crashed anyway. Can we put that...

count on bernanke to fuck it up and not deliver a rate cut. we need a global coordinated rate cut, actually, because whenever the US does anything alone, the market tanks. when the world cooperates, the market cheers. crash time perhaps...

How predictable. Do you think these economic officials will learn NOT to make special speeches when they've lost credibility? What an ego this guy has.

well berspanky needed to cut on monday pre-open. we see what ensued as a result of dumb timing. now paulson wants to make a speech. the chance we lose 6% by he time he's done yapping are quite high.

I agree, actually. If you learn a good trade, it's way more valuable than a Temple MBA.

well then they probably didn't get interviewed at a hedge fund that could have used their intelligence. i'm sure if some of jim simon's employees never interviewed there they would have turned into failures as well. now they're multi millionairs.

bernanke screwed up again. he has a social IQ of 10 on a 200 point scale. "hinting of a rate cut" won't cut it.

with a good resume. they just want smart people. period.

If you are not bright (GMAT <600) it will probably help you. If you are very bright (GMAT >700) then you need a top ten school, otherwise the degree won't add value. If you are super smart (GMAT >760) then there is no need for business school. Many good, large hedge funds will take you...

again, market wanted a rate cut and bozo ben did not provide. this man does not get how to mitigate the public's anxiety. the commercial paper pr release was junk, after similarly junky pr release yesterday. he doesn't get it.

hmmm, looks like a big rally might e starting. let's see if this one has legs.

b schools will be charging less per semester.

I'm buying calls on Robert Prechter books. That's the only sound long investment.

don't cry for argentina...uh, i mean, america

It's here fellas. The crash is here. We are losing more than 10% by close. This is forced liquidation.

it was obvious they needed to cut with the sell off from the House bill and the futures heavily underwater. I think Bernanke might secretly want a depression in order to try out the mad scientist economic theories he's been concocting over at Princeton. wouldn't you want proof of your brilliance...

yes polpik, we never should have indebted ourselves to the level we have. we need to face the situation we have. if we allow our currency to lose 50% of it's value, it will do a lot of good for our economy.

Well, I think I was proven right. Needed a rate cut and the market convulsed without one.

Bernanke's theme song: http://www.youtube.com/watch?v=bVcJttcRknE