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Old 09-30-2008, 10:53 PM   #3
SkyWatcher
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Join Date: Sep 2008
Location: Illinois
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Default Re: someone familiar with Basel II comment on this article

Wow, wonderful research.

What will Bush do when he wakes up tomorrow and it is now October 1st. Short sell here in the US will be released soon. Then what will they do?

So, the bottom line, to the bottom line is that TPTB are fighting for their lives and trying desperately NOT to be exposed.
I am watching the ABC new report and it seems that people still don't want a bail-out. They announced on National TV that the Congressional internet lines are jammed (People still saying NO).

Now the big Hook for the reporters is a credit freeze, because the bank's don't want to lend money.
This has become the new rallying call for the Gov.

Blessings,
Nancy
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