solight

Paulson's Failure

I wish Paulson would stop and breath for a moment. It seems like every time the market starts to show signs of heading back into positive territory The man makes another 'Doom' statement and says their going to come up with another plan that will fix it all.

As for Bernanke... He had a chance to deal with this issue when it was contained within the Subprime Security fallout, but he went the other way and stated that it wasn't likely to effect other markets. Now the Fed and the Treasury are trying to gain confidence by pumping an almost unlimited amount of money into the banks and then leaving it up to them (Libor) to get back to the business of lending...

None of us may care for the policies of Greenspan, but at least he knew how not to provoke people into panicking with horrible doom statements!

There are so many points to cover here that I should probably write a long article..