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View Full Version : Your $3 trillion bailout



mick silver
6th November 2008, 14:44
NEW YORK (CNNMoney.com) -- Congratulations Mr. President-elect. Now get to work. It's a little more than 10 weeks until Jan. 20, and there's an economy in dire need of fixing.

Here's the executive summary: The economy's cracks started showing a year ago. Home prices plummeted and foreclosures soared. Financial institutions carrying mortgage-backed securities on their books took an enormous hit. Banks wanted to take fewer risks, so lending to businesses and consumers froze up.

Then things really broke down in September. The government took over mortgage giants Fannie Mae and Freddie Mac. The collapse of Lehman Brothers sent investors worldwide into a cold sweat
http://money.cnn.com/2008/11/05/news/economy/three_trillion_dollar_bailout/index.htm

garydrumm
6th November 2008, 16:31
No thanks to the media, who kept telling us bad times were coming, so we should stop spending, which, of course, has nothing to do with actually CREATING the bad times the media has "predicted"

Android
6th November 2008, 16:53
A teleprompter isn't going to save Barry now.

balou2
7th November 2008, 01:07
And what the hell does this have to do with the silver market? That's not the topic. Please...put in the Open Forum. Ridiculous.

mick silver
7th November 2008, 13:05
in time balou2 you well know what this have ti do with silver