Geithner Postpones New TARP!

Futures already showing signs of a really weak opening. Another delay in this great new TARP, what else is new, the sad thing is even after its passed everyone will believe happy days are here again, man do I feel sorry for anyone that foolish enough to believe that any of these extreme measures they are taking will do anything good for this economy. Remember what happened when they lowered rates to historical lows and pumped easy credit to anyone and everyone, it created a massive credit crisis, remember throwing Trillions of dollars at this crisis WILL NOT WORK, it will just create more problems. The best thing for this economy is just to let it take its own course without any intervention involving historical low interest rates and massive amounts of liquidity.
 
Quote from stefan_777:

Short BAC over the weekend before the announcement that could potentially fix the banks?

:eek:
More...

Yea, tried to cover before close but missed it. I'm also long on GS for the same amount of position. With some luck it may work out.
 
It is comforting to know that we have brilliant people in gov't who know how and when to stimulate, how much to put in, and when to pull out. I just wish they could do this with the economy! Stosh
 
Quote from S2007S:

Futures already showing signs of a really weak opening.
More...

Asia was doing well. Now diving. They may not want to be long when Germany opens. Freakin disaster.
 
Quote from jficquette:

I saw an tv ad for them today about how their software saves you money by finding deductions you didn't know you had. lol
More...

Will it also file your taxes for you even if you "didn't know" you had to pay?

:)
 
You must log in or register to reply here.
Back
Top