[M. Espinola]

A little news for those which said and still say 'the subprime loan thing is nothing to be concerned about' :)

Asian stocks plunge on credit fears; Bank of Japan injects cash into money markets

TREASURER Peter Costello urged investors not to panic today after the stock market recorded its biggest one-day fall in six years.

Fears of global liquidity crisis grip markets

Smile, you should have had put options in place, but there's still time, very little, but enough if one acts quickly.

[ex-Texan]

Porterville -- too late now, the surrender monkeys are in charge. The crash is just beginning. Best wait until 2009 to start buying houses.

M. Espinola -- The DOW already crashed about 150 points today. But the day is young. I agree with what you said. This is going to be fun to watch. Get some popcorn.

[ex-Texan]

Fed Pumps Another $35B Into US Financial System Friday to Stem Credit Turmoil

Excerpt:

The Federal Reserve, trying to calm turmoil on Wall Street, announced Friday that it will pump as much money as needed into the U.S. financial system to help overcome the ill effects of a spreading credit crunch.

The Fed, in a short statement, said it will provide "reserves as necessary" to help the markets safely make their way. The central bank did not provide details but said it would do all it can to "facilitate the orderly functioning of financial markets."

The Fed pushed $35 billion in temporary reserves into the system Friday morning, on top of a similar move the day before.

Bernanke response is print more money. That is why they call him 'Helicopter Ben.' Debasing the dollar and by running printing presses 24/7 solves all problems, according to the Fed. No big deal. Money is only paper.

Nobody asks, 'Where did that $ 35 Billion just come from?' The answer is nobody really wants to know. 'We just invented it.' We used monopoly money and added it to the federal debt.' Taxpayers cheer, 'More free money.'

Treasuries Almost Erase Gains as Fed Adds Cash to Bank System

Bloomberg reports the truth again. We cannot post it here. China will be very unhappy. They already said they will not hesitate to dump one $ trillion in US treasuries. No big deal Bernanke says. The Russkies, Iran, Syria and North Korea have purchased new high tech printing presses. They love to counterfeit $ 100 dollar bills.

Shades of the old Weimar Republic all over again.