chesterbecks

A Resolution Trust Corp. 'Solution'?

I was a tiny thing when the S&L crisis happened, so I can't relate to those times. However I hear from those who were around, that today's problems are much worse because here you have 100+ year old institutions on the brink of collapse. I fail to see how today's news is a good thing. I took it as a fabulous opportunity to sell all of my long positions. Although I missed out on the surge from the 200s~ to the 400s, I hope to also be a bystander when it all falls down.