What Did Geithner Do Exactly?

Quote from Monkey Boy:

The plan is clearly not ready yet. It should not have been presented. Geithner's speech sounded like a plan that was drawn on a napkin at a bar last night.
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Agreed.
But the fact remains that this process is gonna take a long, long time. Unfortunately, all too often the market is like a "two-year" old screaming for a candy bar from it's Momma.
 
Quote from tradersboredom:

tarp is buying assets because nobody in the market no entity has that kind of cash to buy it for that long term for such low returns or no returns.
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Duh. There's a very good reason for that.
 
you have to love this though!! :D


The dollar isnt even a real currency anymore, its become more like beer in a bar...,

the more of it that there is floating around the more people want to buy it,
and so its value kees rising as demmand for it does! :cool: :p


I bet if the fed announced tomorrow they were gna print out 10zillion pieces of paper with teh dollar logo on them (its a real number), the dollar would rocket through arity with euro n pound in seconds! :D
 
Quote from tradersboredom:

if free markets were to takes it's course you'll be seeing riots revolution 25% unemployment and you see communism.

banks failing etc. markets are corrupt anysways.
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Except that the only countries we've ever seen that happen in is countries which behave the way the United states is behaving now. You and Karl Marx are still waiting for it to happen in a free market economy. Do us a favour and hold your breath until it happens.
 
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