raja

Have We Bottomed Yet?

These financial companies are begging at the Fed Window daily for day to day survival. Then they have the temerity to tell us that we are in the final innings of the credit crunch.... only that the final innings is a long one - that will be extending for more than a year, and the after effects for another couple of years. Some have even gone to Tokyo with their begging bowl, as if to indicate that they cant get enough alms at the Fed window.