On Apr 1, 11:18=A0am, "Econotron" <njmfi...@[EMAIL PROTECTED]
> wrote:
> "Jerry Kraus" <jkraus_1...@[EMAIL PROTECTED]
> wrote in message
>
>
news:0bc973b6-0a89-49c4-b029-7d953d1cb976@[EMAIL PROTECTED]
>
>
>
> >http://biz.yahoo.com/ap/080401/wall_street.html
>
> > Well, the Markets are up this morning. =A0Why? =A0Well, Construction
and=
> > Manufacturing are down, but "not as much as predicted". =A0 And, the
> > major Banks are issuing stock to raise money to prevent them from
> > going bankrupt immediately. =A0In other words, they're begging for
money=
> > they don't have.
>
> > How long can this nonsense go on? =A0How long can a corrupt system
> > scramble to prop itself up with the aid of corrupt politicans and
> > cheerleading from the disinformation specialists in the American
> > professional economics community, and in the Cor****ation run American
> > media?
>
> > Time will tell.
>
> Yes, saw it already. I agree that it is a lame reason for the market to
be=
> upbeat, and it would have been perceived as such, if we did not live in
th=
e
> Bailout World, where any news is a good news...
> e.- Hide quoted text -
>
> - Show quoted text -
They really can't bail the banks out. Even that's a lie. Even the
federal government cannot possibly cover tens of trillions of dollars
in bad debt. The Fed's really just pretending to bail out the Banks,
in the hopes that this will give them enough time to recover, by some
miracle or other.
Any chance this is why the right wing is so "religious"?
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