Henry Paulson's new direction

A

autocannon

Hello,

I'm new to trading (got in on Oct 16th) and still learning. Been lurking here for a little while. All of the material out there makes it kind of like drinking from a waterfall.

What is Henry Paulson's new direction with the financial rescue program going to do to the financial sector. I've been buying CIT and AIG cheap in hopes that it would bounce up sometime in the end of the week or next week. Opinions welcome!

Thanks
 
Quote from index_trad3r:

he has no and never did have a clear direction for this package, and when asked if he would stay on as treasury he said no, i wonder why?
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Maybe Paulson doesn't want to answer to a media creation celeberty rock star president. Maybe he doesn;t like Harvard. Might be a Chicago thing. Maybe he don't like acorns.
 
Quote from index_trad3r:

he has no and never did have a clear direction for this package, and when asked if he would stay on as treasury he said no, i wonder why?
More...

Yet another failed Bush appointee.
He has ZERO credibility. Just ask Mr. Market today.

Shocker.
 
NEW DIRECTION.


There was never a DIRECTION TO BEGIN WITH, this credit crisis is just to massive to even consider a direction on how to fix it because:




YOU CANT FIX IT.............
 
Quote from stock_trad3r:

Paulson is doing a good job. We need to give these bailouts and rate cuts time to work.
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I dont know why you cannot understand what is going on, these bailouts and rate cuts will NOT PROVIDE a damn thing to fix this credit crisis, it is so massive that NOTHING CAN FIX IT, NOTHINGGGGGGG.

Does anyone understand the magnitude of this credit crisis, everyone thinks cutting rates and bailing out every Fu#king worthless company is the way to fix it, wake the F$ck up, this is worse than the great depression, there is no answer for this crisis.
 
Quote from S2007S:

I dont know why you cannot understand what is going on, these bailouts and rate cuts will NOT PROVIDE a damn thing to fix this credit crisis, it is so massive that NOTHING CAN FIX IT, NOTHINGGGGGGG.

Does anyone understand the magnitude of this credit crisis, everyone thinks cutting rates and bailing out every Fu#king worthless company is the way to fix it, wake the F$ck up, this is worse than the great depression, there is no answer for this crisis.
More...

Why do you think I have been telling people to get their ducks in a row and get out of debt, to be ready if the time comes when something happens to our ability to trade? Most haven't listened. Turn off the media, idiots! You cannot make monthly debt payments without income!
 
Quote from S2007S:

, this is worse than the great depression, there is no answer for this crisis.
More...

You may be the first person to say that. Everyone says it is the worse crisis SINCE the great depression. Thats taking it to the next level.

I will one up you and say this is the worst financial crisis in the past 1,000,000 years since the dawn of humanity. Top that.
 
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