my FF: gap down monday leaving island reversal

the details are getting sticky: * hedge funds will not be included and the volatility must have produced huge losses from the long and short positions of these highly leveraged vehicles. institutions will STILL want their money out. * it does nothing for homeowners or the housing bust. the oversized and overpriced houses are there as much today as they were on wednesday. * this is a US plan and the run is worldwide. * paulson and bernanke bought the BS from Pimco and others that this is all about housing prices and stopping the housing decline. there are other dangerous areas including credit cards, auto loans and student loans, your thoughts? will it work? won't there be questions right away, as by monday morning?

Edited by humble1, 19 September 2008 - 09:37 PM.

Remember that they are saying that Congressional leaders are feverishly working with the head criminals to complete the bail-out plan. So, expect another happytalk announcement Sunday night or right before the open, to try to goose things up another increment.

yes, could be. but pretty quickly - and probably behind the scenes so no one can be pegged as standing in the way - the trouble will start. CNN had folks FROM BOTH SIDES who have serious questions.

I think that all troubled loans will be dumped on the Treasury, not just mortgage related stuff. That's how they will sterilize the bank's balance sheets. Rumor is that Congress is considering granting Bazooka unlimited authority to stabilize the markets. If you got troubled assets, Hank is buying so name your price.