Herbert M. Moses
Posted on 10/03/2008 3:58:29 PM PDT by NormsRevenge
NEW YORK - The credit markets finally got a bailout bill, but the stranglehold hasn't let up — a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
The credit markets, where companies go to get cash loans, have seized up since the bankruptcy of Lehman Brothers Holdings Inc. and in anticipation of the $700 billion plan initially voted down by the House. The House passed a revised version of it Friday following the Senate's approval earlier this week, but anxiety about its effectiveness kept demand for Treasury bills high and nearly nonexistent for other types of debt.
Overall, market participants have begun regarding the rescue plan as a medicine for what's ailing the financial system, but not a cure-all.
"At best, we can hope that it stems some of the more intense risk from the credit crisis. It prevents things from spiraling out of hand here," said JPMorgan Chase economist Michael Feroli.
Some are worried, though, that the plan will not work at all.
(Excerpt) Read more at news.yahoo.com ...
Congre$$
(drink)
Free milk
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Well, that took a long time. This is just the begining of a long list yet to come.
Now they are all telling us how inadequate it is.
I need a double shot of something.
Sounds like everyone with a hand is trying to get all the money they can before the election?
How about a triple.
Just damn, a couple hours later and we already need some hand outs.
Whoopee!
And the Messiah is calling for another stimulus payout!! lol.
Figures.
Why am I not surprised?
Hey McIdiot. I’m not voting for you. Congrats. I think its time to punish the country and give it the shock of its life by voting in every retard we can imagine.
Might even force a flashpoint issue, if you get my drift.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Too much is not enough. I feel numb.
Cavuto was sying “I told ya so” today on his show.
It’s an AP story. They can’t say that things are good before the election. Bad reporting regarding the economy will end quickly if Obama is elected.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
GOP suckered again.
Herbert M. Moses
“Credit markets to Washington: Bailout isn’t enough”
Nooo...really?
Billions isn’t enough for congress. Maybe if we prostrate ourselves before the leftist wall street whiners and offer up our first-born and volunteer to become slaves that might be good enough for a down payment. Maybe...
The next bail-out should come with rope and tar and feathers. We need to go back to 1776 and start over.
Bush needs to turn his jet around and get his pen out.
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