>>>>>Interesting also that a temporary ban has been put on shorting bank stocks. Normally there would be great gnashing of teeth over interference with the free market (and there probably is). But I guess it's clear at this point that we don't have a free market. They simply don't work without oversight and occasional intervention.
>>>>>
>>>>>Seemingly daily interventions, now that's a little scary. I wasn't around in the 1930s so haven't seen anything like this before in the U.S.
>>>>>
>>>>>>Well it looks like they have so many problems now; they can no longer wait to do it over the weekend only, almost 24/7 now. I am now hearing Hank, Ben, and several committees in congress are looking to do a RTC type bailout. Although it will be expensive, it is the right move to make if we ever want to put this behind us.
>>>>>>
>>>>>>Bob
>>>>>>
>>>>>>>>>Another one bites the dust
>>>>>>>>>http://english.aljazeera.net/business/2008/09/200891551219215862.html
>>>>>>>>
>>>>>>>>
>>>>>>>>Did you miss the whole threads on that days ago? They filed on Sunday.
>>>>>>>
>>>>>>>Now the question remains, who goes down this weekend? There's a lot more to do, and so little times. Every week has only one weekend, and we all know the least painful way to cut a cat's tail: a centimeter a day... i.e. they have to do this, whatever they're doing, bit by bit. Now, which domino falls next weekend? Virtual betting remains open next 24 hours.
>>>
>>>
>>>Hopefully a few short sellers will have been caught out by the ban and subsequent massive rise in stock values (FTSE 100 is up almost 10%) so they will have to pay out but no longer have access to their method of making money.
>>
>>How cruel.
>
>The short selling restriction is longe over here.
>
>I would regard the rise in the markets today as bordering on hysteria. All the things that are wrong are still wrong. Inflation is rising unemployment is rising and house prices are falling. Banks have no clear idea how much they owe and problems with their money supply.
>The US government is takng over all bad debt. Thats a big black hole. At least they can print more money.

Monkeys are probably busy already turning the cranks at every mint in the U.S. Whoops, sorry, apes.