.....jaw... on... the floor.....
This is interesting. For the last few days the Fed, Treasury Secretary, and hinted by the President that bailouts were not going to be considered. Admittedly, this afternoon's news of Bush's meeting with those individuals and others hinted at something in the works, but this is pretty significant in any case.
media's gonna have a
field day tomorrow, especially since this was announced so late in the day. I'm curious how wall street will react. while i personally believe that day to day movements (swings) of wall street are only slight in significance, they're interesting to watch, just to see what the "money mafia" is thinking...
Quote:
Originally Posted by sweeps
*pulls out wallet* Ok, how much is this going to cost me?
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totally agree.... what will be of interest is what will happen 3, 5, 7, 10 years from now, when these actions are largely forgotten. While forgotten, the impact of these bailouts, sellouts, collapses, etc. are conna re-form the state of our nation's money matters for a looooooong time to come. I think over that time frame, we're going to find a substantially different marketplace.