WARNING: STOCKS COULD LOSE 1/3...

WARNING: STOCKS COULD LOSE 1/3...

US Treasury officials have warned.

Now if they really believed this, would they be be broadcasting it far and wide?

"The lady doth protest too much, methinks."
--From Hamlet (III, ii, 239)
http://www.enotes.co...peare-quotes...

The principal meaning of "protest" in Shakespeare's day was "vow" or "declare solemnly," a meaning preserved in our use of "protestation."

Treasury officials vows are too elaborate, too artful, too insistent, methinks.

Edited by Rogerdodger, 27 September 2008 - 10:59 PM.

That's bullish. Just about every economic analysis we have received from Paulsen and Bernanke has been wrong. Why are they right this time?

You're not having deja vu, I posted this on the similar thread that's down about 2 on the list. There have been all kinds of alternate ways proposed to rescue the system, that do not involve taxpayers writing a blank check. Funny how no one in D.C. seems willing to listen to the alternate plans. Why was this presented at the last minute before Congressional recess with a "pass it or else" when the problem was known for at least weeks in advance? Count me among the clueless 99% opposed to giving the crooks a blank check for the next 3 generations.

You're not having deja vu, I posted this on the similar thread that's down about 2 on the list.


There have been all kinds of alternate ways proposed to rescue the system, that do not involve taxpayers writing a blank check. Funny how no one in D.C. seems willing to listen to the alternate plans.

Why was this presented at the last minute before Congressional recess with a "pass it or else" when the problem was known for at least weeks in advance?

Count me among the clueless 99% opposed to giving the crooks a blank check for the next 3 generations.

I have one answer to any of these types of questions.

Politicians and diapers should be changed often and for the same reason!

This weekly newsletter published on Friday, appears to provide the most plausible explanation I have found relating to the need for a timely "economic stabilization plan".

Who's Afraid of a Big, Bad Bailout?
September 26, 2008
By John Mauldin
http://www.2000wave....sp?id=mwo092608 or http://www.2000wave....sp?id=mwo092608

snippet-


"I don't want to name names, as this letter goes to about 1.5 million people and I don't want to make problems for some fine banking names; but there is a silent bank run going on. There are no lines in the street, but it is a run nevertheless. It is large investment funds and corporations quietly pulling their money from some of the best banks in the country. They can do this simply by pushing a button. We are watching deposit bases fall. It does not take long. Lehman saw $400 billion go in just a few months this summer. Think about that number. Any whiff of a problem and an institution that is otherwise sound could be brought low in a matter of weeks. And the FDIC could end up with a large loss that seemed to have come from out of nowhere."

Maudlin is not tlking hs book, he is talking his ideaology, and has a great deal of influence for a fund salesman.

Maudlin is not tlking hs book, he is talking his ideaology, and has a great deal of influence for a fund salesman.

Maudlin is a menace - and an arrogant and conceited one at that. His "muddle-through" dross is nothing more than a ploy to placate his fund clients. It is worth reading him each week, though, because his drivel contains some really useful information.

but there is a silent bank run going on.

This sort of thing has a snowball effect.
Like a gasoline shortage where everybody begins hoarding gas which causes more shortages.