Market is very disappointed, all the rumors on the rescue plan were way off, no accounting rule change, no fed guarantee, no details how to do it. Only fed finance on the purchase of the toxic asset. Feels like political pressure is moving towards nationalize the banks. Everyone sees this is too complicated, cost way too much, and it will never end. Not good for the market. Major down day.
Tuesday, February 10, 2009
02/10/09
Market is very disappointed, all the rumors on the rescue plan were way off, no accounting rule change, no fed guarantee, no details how to do it. Only fed finance on the purchase of the toxic asset. Feels like political pressure is moving towards nationalize the banks. Everyone sees this is too complicated, cost way too much, and it will never end. Not good for the market. Major down day.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment