Quote from BJL:
because if they didn't a crisis like this would/could developed into a 1930s style depression and/or a Japan 1990s scenario.
do you really think your own short term trading gains/losses are more important than the jobs and lives of millions of other people?
this is why I hate being bearish. you're constantly hoping the world as we know it will come to an end.
Quote from PohPoh:
Yeah, but the Fed usually doesn't go in and buy 3 Billion of Mortgage backed securities for cash, like they did today..
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm
Bailout Bailout Bailout...
Those fucking cunts..
Quote from trader225:
It may sink in that the fed is panicky,
so Joe Investor will panic too.
Sure, the announcements, today, created trading opportunities, but with the fed accepting
mortgage backed securities as collateral smart
people may realize that something is wrong, long term.