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Originally posted by Hastobemoretolife
reply to post by elston
Tempting. I def. wouldn't post them not to where a search engine could get to it at least. I could only imagine the feeling you have. You could blow the whistle and throw a huge wrench in the works.
I know things are getting really tight and what the actual data points are that your clients can afford to pay for must be pretty dire.
Originally posted by stander
You are an expert on computer trading, so I hope you can help. You know that I'm not a greedy guy, but the morning was really slow, so I pushed CTRL + ALT + PAUSE and things started to move
but in a wrong direction. Do you know what keys to press to put it back?
The world has turned completely upside down when Sweden of all places rejects the new American bailout model in favor of allowing the free market to decide companies' fates.The New York Times meanwhile, rising momentarily from its deathbed, supports American policy over Swedish policy for the first time in recent history with this ridiculously one-sided story.
Treasury Secretary Timothy Geithner said Monday that the severe banking crisis shows the U.S. financial system failed a major test and is in need of an overhaul.
Geithner told a Washington conference that the Obama administration plans to work with Congress to put in place a stronger, more stable system with a modernized government regulatory structure.
"Our system basically failed its most fundamental test," he said in remarks to a conference sponsored by the Wall Street Journal. "It was too fragile."
The Treasury and the Federal Reserve released a joint statement Monday that spells out the different responsibilities of the two agencies in dealing with the financial crisis. In the most noteworthy part of the agreement, Treasury said it would take over the Fed's holding of assets of Bear Stearns and American International Group. Treasury did not say how it would pay for these programs and said it would only make the move "in the longer term and as its authorities permit." The Fed's investments in the three funds, known as Maiden Lane, totaled $72.21 billion in the latest week, according to Fed statistics.
I have what some might consider a really stupid idea, why don't they just discipline themselves with what they have already done? How about trying some actual capitalism for once and let the banks fail. Let the market clean itself out.
JONATHON PORRITT, one of Gordon Brown’s leading green advisers, is to warn that Britain must drastically reduce its population if it is to build a sustainable society.