Bad Bank Plan on Thursday!

[4444CJones4444]

Quote from whatthe:

Delayed again:

http://money.cnn.com/2009/01/31/news/economy/rescue_package_delay/index.htm?postversion=2009013115

Hmmm. Monday should be interesting, anyway. Market needs to stay open 24/7. We can sleep when we're dead.

 

[stefan_777]

Quote from Optional:

Dude you give these losers at cnbc too much credit for moving the market.

So the financials rallied on Tuesday(after hours) into Wednesday for no particular reason?

Get serious.

Or at least watch CNBC while trading to see my point.

Or get a TV if you don't have one already.

 

[Illum]

Quote from whatthe:

Delayed again:

http://money.cnn.com/2009/01/31/news/economy/rescue_package_delay/index.htm?postversion=2009013115

Someone is being told No. Power struggle, my money is on FDIC chairman over Wallstreet shill.

 

[ehmoran]

Just remember!!

Buy on the rumor; sell on the NEWS

 

[stefan_777]

Quote from Illum:

Someone is being told No. Power struggle, my money is on FDIC chairman over Wallstreet shill.

The shills are short this time.

I'm with ya, Larry Summers and FDIC chairman have Obama's ear on this.

 

[Cdntrader]

WSJ : ECB Drawing Up ‘Bad Bank’ Guidelines


The European Central Bank is drawing up guidelines for European governments that are considering so-called “bad banks” to house banks’ toxic assets. The ECB is also working on guidelines for European governments that plan to guarantee toxic assets remaining on banks’ books, another form of bank bailout.

Both sets of guidelines are being drawn up with the European Commission. The ECB hopes the guidelines can help avoid competitive one-upmanship across the 27-nation European Union as nations seek to shore up struggling banks.

The ECB, which makes monetary policy for the 16 countries that share the euro currency, has no power to enforce any guidelines it develops.

 

[Cdntrader]

Quote from whatthe:

Delayed again:

http://money.cnn.com/2009/01/31/news/economy/rescue_package_delay/index.htm?postversion=2009013115

"Two senior administration officials told CNN Friday that the full rescue plan, which is being put together by Treasury Secretary Timothy Geithner and other top economic advisers, is now expected to be unveiled the second week of February."

Sounds like stale news from friday before the Saturday breakthrough.

 

[Bootsie]

Quote from BlueStreek:

Friday 25 minutes before the close MAY have been an excellent buying opportunity if Obama doesn`t screw this up like he has so far with the bs house version of the stimulus plan.

I have more confidence in Larry Summners though to get this done in the right manner.


http://www.cnbc.com/id/15839285/site/14081545/

I ran downstairs to my office and pounded C and BAC around this time... dumped it before the open the next morning... loaded back up Friday afternoon.

That's all I know.

 

[whatthe]

Quote from Cdntrader:

"Two senior administration officials told CNN Friday that the full rescue plan, which is being put together by Treasury Secretary Timothy Geithner and other top economic advisers, is now expected to be unveiled the second week of February."

Sounds like stale news from friday before the Saturday breakthrough.

Latest news:

http://www.cnbc.com//id/28965410?__source=yahoo|headline|quote|text|&par=yahoo

Looks like the big news will be in 2 weeks.

 

[stefan_777]

The fact that the bad bank plan is safely on the table is good enough for me.

I don't care when they announce it.