My office was cancelled for the day due to a snow/ice storm here in Cincinnati. Sat down for a few minutes to watch CNBC. Saw the head of the CFTC interviewed who talked about manipulation and how they forcefully go after the manipulators. A few minutes later, Bob Pisani was on the floor of the NYSE talking about the Bad Bank plan and was asked where the trillions would come from to buy up these toxic assets. The question was asked wouldn't this require the FED to print trillions of new USD's. Bob answered with a straight face that ...maybe not..they might be able to manipulate the finances in some way.
I kid you not. Thank god I have to work while these buffoons are on during the day.
stateside