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A Paragraph that should cause you to shake in your boots

 
 
Reply Thu 18 Sep, 2008 08:31 pm
Quote:
Judging from the sobering statements of administration and congressional leaders last night, there is a strong political instinct at the White House and on Capitol Hill to do something. Everyone agrees that there's a better solution than having the Treasury and the Federal Reserve continue to do these ad-hoc, midnight rescues, stretching their balance sheets and their legal authority. And everyone agrees that we better do something quickly, before there's even more of a run on the money markets and the stock market does another nose dive.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR2008091803726.html?hpid=topnews
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