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Replies to post #14493 on Tsafi

Replies to #14493 on Tsafi
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kevin252

09/18/08 6:01 PM

#14494 RE: popeyej #14493

A very volatile session today. It seemed to basically be going inverse to the Dow today for the most part. Now, the Dow exploded in the late afternoon because of this new scheme of the Fed to have a repository or something to take on the banks' bad debts. I'll have to read up on it more when I get home later tonight, but can I assume that this is just another government plan to bail out the banks (in effect making them unaccountable) and in the process screw over us the taxpayers some more?