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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: TobagoJack who wrote (45602)1/22/2009 2:03:04 AM
From: elmatador  Read Replies (1) of 217975
 
Volcker's words: "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."

Means everyone can step forward to put the hands inside the pot.

But we know the banks themselves are being fattened but are not lending.

"Make more loans?” Mr. HOPE said. “We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.”
nytimes.com

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