Bailout deal DEAD!
- Thread starter traderpro
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from briefing .........
CNBC reports they are being told by a person close to McCain that the bailout deal is "dead"; person close to House Democrats says the bailout plan is "cratered"
CNBC reports they are being told by a person close to McCain that the bailout deal is "dead"; person close to House Democrats says the bailout plan is "cratered"
from Bloomberg today, revealing that sometimes members of Congress know when to call a bluff:
``I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
``I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
If these assets are such a bargain (as we are told) for Uncle Sam that he can make a profit on them over the next 2 or 3 decades then surely private investors and foreign banks should be lining up to buy them!
This bailout is nothing more than BS to prevent the natural closer of companies that should go under.
This bailout is nothing more than BS to prevent the natural closer of companies that should go under.