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  • Nasdaq Jumps 100.25 - A Best Day After a Worst Day [View article]
    Everything is sunshine and lollipops now. Puh-lease.

    The meltdown is just beginning. Irrational rallies based on what the FED/Treasury MIGHT do aren't worth the paper the plans are written on.

    Tell me. How do you get all these bad loans into the proposed new RTC? Who takes the associated losses? Is the FED going to print enough new money to buy everyone's mistakes at full price?

    Remember back in the original RTC days? Hundreds of S&Ls took those losses and went under before the show got started back then. Who's it going to be this time?

    And more importantly, how much of YOUR money is going to vanish with them?
    Sep 18 21:40 pm |Rating: 0 0 |Link to Comment
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