Quote:
Originally Posted by AlienQ
I will tell ya whats gonna happen.
Those Financial banks are going to Bankrupt and when they do Market correction will be under way as the loans will be adjusted and resold again to smart banking people not interested in taking high risks.
There will be no tax payer money to fix the situation. Every Congress member, and Senate member have a voting public to answer to and the voting public is saying no already.
THe Economy can correct itself with new banking rules which obviously at this time everyone is interested in.
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So I am gonan quote myself and...
Well today the Dow Jones had a recovery and one of the largest gains in it's history.
So the rich puds put back in what I said they would and more. However the Credit problem lingers and with some new rules the economy can recover and will recover easily without tax payer money.
The Dow Jones industrial average (INDU) added 485 points, according to early tallies, recovering some of the record 777 points lost the day before. If the gains hold, it would be the third-biggest one-day point advance for the indicator in its history.
The Standard & Poor's 500 (SPX) index rose 5% and the Nasdaq composite (COMP) gained about 5.3%.
http://money.cnn.com/2008/09/30/mark...ex.htm?cnn=yes