Paulson's bailout plan proposes to throw away $700B to bail out bankers and wall-street cronies while creating bigger mis-trust between banks by eliminating mark-to-market-account... and reducing capital reserve ratio to 0. Paulson and Bernanke should be fired immediately for proposing the bail-out plan then trying to ram it down the throat of US public with fear of economic melt down.
I would be very worried when OIL price starts to drop. It may give the market a short term boost but ensuing demand destruction of DOLLAR will be ten times worse for US economy than $140 OIL.
Options Trader: Temptation Tuesday [View article]
globaleconomicanalysis.../
Paulson's bailout plan proposes to throw away $700B to bail out bankers and wall-street cronies while creating bigger mis-trust between banks by eliminating mark-to-market-account... and reducing capital reserve ratio to 0. Paulson and Bernanke should be fired immediately for proposing the bail-out plan then trying to ram it down the throat of US public with fear of economic melt down.
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