Tuesday

Markets react to artificial stimulus: Gloom or silence isn't golden -Updated speech

-Posted by D. Worth (US) | for- M. Barbay (France) (US trip!)

THEN: Here's the 110th & Co. telling the American people that they will be open, honest, & transparent.
...Honest they will.

Image: still circles the Internet


And here they are, again...
Drudge posts this image below:
"House Democrats propose $410B spending bill" read.
Host of scenarios: New "stimulations"
NOW: This image was also taken before bank Nationalization fears... Stock slide, until Bernanke secures a calm: Read. (Excerpt below)
Bank of America CEO Lewis, gives his second: internal memo in five days.


Image was also taken before...
The Big Mouth of Democrat Senator DODD:
ht: Glen Reynolds:
"Senate Banking Committee Chairman Christopher Dodd (D) -Conn., sent bank stocks into a tailspin Friday with an unguarded comment. The White House had to issue its own comment later to restore equilibrium to stock markets. Some speculators could have made or lost millions. . . . He didn’t know anything. He was just shooting off his mouth. But major bank stocks lost a quarter to a third of their entire value in a matter of minutes."

-Must be time for another Obama Speech... Transcript.
Dave in Texas, blogs the Speech...in his own way (and language)
UPDATE: Glen Reynolds: "Is this what Obama sees." IMAGE. (oh my)
UPDATE 2: Moe Lane Nails it! Obama, his personal reputation:
And his policy’s public perception.

-Thanks to ace.


A little excerpt from above:
Bernanke Statement about "NO" to Bank Nationalization:
"I do not see any reason to destroy the franchise value or to create the huge legal uncertainties of trying to formally nationalise a bank when it just is not necessary."

He said the authorities had other ways to "exert adequate control to make sure they are doing what is necessary to become healthy and viable."

Bernanke should make certain that he & Lib Congress are on the same page.



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