you know, at the present time economy becomes more and more a political factor. Bernanke will listen politicians or the last support will be lost for him.

But politians are concerned more about very short period of time (I mean not a Roosevelt type of them). But economy has its own rules - it is a very slow in reaction. Of course they had to cut rates in the 3d quorter to save their @ss.

The posted losses now have biggest contribution from SP for now. Portfolio investments became negative and as much the SP continue going down they will post more and more losses. Howver if FRS will turn market to bull everybody will post a record profit for the 1Q 2008. They must realize it - they need to bring SP high to show a positive direction.