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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (395161)	10/1/2009 5:37:30 PM
From: Real Man	Respond to of 436258

They need a bubble. Yes, gonna be a head fake, but it may be of decent size. Say, 950 spoos. So, this already seems like a brutal crash, but we are only down 50 spoos points. 80 to go? Until they can scare enough bulls and suck in enough bears. -g- "The U.S. has lent, spent or guaranteed $11.6 trillion to bolster banks and fight the longest recession in 70 years, according to data compiled by Bloomberg. That’s a 9.4 percent decline since March 31, when Bloomberg last calculated the total at $12.8 trillion. The tally “ignores the fact that virtually all commitments are backed by assets,” Andrew S. Williams, a Treasury Department spokesman who had the same role at the Federal Reserve Bank of New York until earlier this year, said in an e- mail. “The Federal Reserve’s current ‘outlays’ are largely in the form of secured loans. The aggregate value of the collateral backing those loans exceeds the loan value. These are not ‘outlays.’” " bloomberg.com