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

To: wildandwonderful who wrote (8461)	3/16/2008 9:41:22 PM
From: Kpain	Read Replies (1) \| Respond to of 50714

The fed should just shut up regarding interest rates, have Paulson print a bunch of cash, do away with M1,M2,M4,M6,M9..... I'm thinkin about cashin out my IRA, 401k, take the tax/penalty hit, and then buy a bunch of silver eagles. When will the feds attack our IRA's and 401k's?

To: wildandwonderful who wrote (8461)	3/16/2008 9:53:45 PM
From: Mannie	Read Replies (2) \| Respond to of 50714

Tomorrow our President is meeting with his advisers. God Help America. since the Pres and God chat often, it shouldn't be a problem.

To: wildandwonderful who wrote (8461)	3/17/2008 2:48:25 PM
From: SliderOnTheBlack	Respond to of 50714

re: "The Fed"..... why, why, why? If the Fed would have merely acted days sooner, Bear Stearns wouldn't have been "taken under" @ $2 a share in a private weekend midnight madness sale behind closed doors. So why didn't they? (I already answered that in prior post) The Fed is a private bank. They have absolutely no obligation, or reason to bail out banks. So, why have they put up nearly one-half of their capital base in buying mortgage paper? What do they know - and what does Jaime Dimond know, that the street doesn't? Yen soaring & the Nikkei tanking. Japanese exporters, along with Europe's getting crushed. So what's a good G-7 banker to do? Interesting times... The Fed's buying Fannie paper now... too late for Jimmy "Cheech" Cayne. -- whodathunkit? Mo later, S.O.T.B.