posted on
Feb 10, 2009 11:17AM
Message: It's time
Why do you think the Markets tanked today...
It is because OBAMA'S Secretary of Treasury announced how the Government is going to distribute the rmaining 300+ Billins from the GW era...
One item is that the banks shall sell the toxic assets publicly to get rid of them. And the Gov. will spend 50Billion of the money gauranteeing up to 90% of the value of the assets for a period of time. And those buying the Toxic Assets, (which are being used by the banks to milk the TAX payers without any accountability), shall risk only 10% of their money for whatever the assets appriciates...
That is what the BANKS, and WALL STREET did not like... They don't want to be tied down to any accountability. JUST GIVES THE MONET, AND DON'T ASK QUESTIONS... WE GOT TO GO TO VEGAS FOR CONVENTIONS TO FIGURE OUT HOW TO SPEND YOUR MONEY?...
Gil...
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