Testimony today by Fed & Treasury caused the "usual...I do NOT understand this $700 billion package" by finance committee......This is so funny...because US Congress & House created the legislation which created this MESS.....So PLEASE quit playing DUMB & STUPID...they all understand that they are part of the problem.....should QUIT playing Oscar level lousy acting....They do NOT care about their own credibility......posturing is for their re-election....
Market is on STANDBY with a negative slant.......
FNM & FRE came to life while AIG went into coma......
Market MAY not move until $700 billion package IS approved......
Friday we MAY have a deal.....word MAY get out on Friday during trading hours....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
FRE & FNM anticipating deal made on $700 Billion. I would expect the secret to be leaked by Friday too.
Gas is hard to find. More stations closed. Worse in Tennessee. I was planning on a weekend trip to Chattanooga, now forget it..better in 5 days they said. Popular car dealership surprise closing today. No warning, just closed doors at noon,,,bye bye.
Hi Saleem,
News China Banks will no longer lend interbank to US banks. 9pm. Separating from the risk of losses.
Best Regards
Hi Standards,
China bank news is very surprising.This will put more pressure on Barney Frank to get going.
Sad you have to cancel your trip because of gas issues.....
Saleem
Hi Saleem,
This morning world news stated that the story about Chinese Banks no longer lending to the USA was a completely false report created by one newspaper journalist. This just shows the amount of fear mongering going on in the media today.
Have a great day.
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