Posted on 10/08/2008 9:10:58 PM PDT by TigerLikesRooster
We have the same people who screwed up everything they touched now taking over our banking system. I won't be surprised if the markets take another big dive tomorrow.
“To be followed by hyperinflation as all they money seeks a home as trust is restored?”
Maybe not. That depends on how much credit destruction is going on inside the banks holding toxic paper. The amount of credit collapsing may dwarf the billions in the bailout.
Doom Bump
So what you are in effect saying is we are up chit’s creek without a paddle?
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It’s even worse, we are DOWN that famous creek without a paddle. The current is against us.
“Libor up despite rate cuts.” Smoking gun?
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