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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (7285)	12/12/2007 3:49:57 PM
From: jim_p	Read Replies (4) \| Respond to of 50348

Good summary, what it really shows is how bad things really are and how desperate the fed is to try to avoid a financial meltdown. The recession is already in the bag, the only question is how bad, how long and will the unwinding of the largest credit bubble in history bring down the entire financial system as we know it? The truth is this will do nothing to solve the problems with the losses that are building up in the system most of which will be reported in Q4 numbers and it will do nothing to bring back the confidence in the system that is required for it to function properly. Next leg down will be the credit card and auto loans that were no less irresponsible that the mortgage lending and were packaged up the same as the mortgage backed CP. Great market to trade and make money in!! Jim