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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

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Nov 21 4:00 PM EST

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To: TobagoJack who wrote (45591)	1/22/2009 12:51:59 AM
From: elmatador	Read Replies (1) of 217942

"several trillions of dollars" to repair the nation's financial system and economy. "To put it starkly, we are in a serious recession with no end clearly in sight," Volcker said. "Over time, the hard fact is several trillions of dollars will be necessary to be committed in a combination of budgetary expenditures and various guarantee and insurance programs and extensions of credit by the Federal Reserve." boston.com ELMAT: Only this time he cannot fleece us by imporitng our capital. Obama will address Congress within the next few weeks to detail the plan, which Geithner said will represent "fundamental reform" of the $700 billion financial rescue package approved in the fall. The Bush administration spent most of the first $350 billion by investing money directly in banks in exchange for ownership stakes. The new administration last week received congressional approval to release the remaining $350 billion. I will be listening, I will be listening really carefully.

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