Greenspan takng over the world? He's not even the chairman anymore. Sure, he's part of the reason this whole mess came to being, but it's Helicopter Ben and Bazooka Paulson who are exacerabating the problem.
Ditto with nth and graywolf on why the dollar is rallying. Ditto on the responsibility and supposed mission of the Fed, graywolf. It's also funny how Fannie and Freddie are counter productive to their mission statement.
nth, I like Ron Paul but I'm not crazy, at least I don't think so.
79TA, congrats on the long puts (I'm assuming). I was about to do the same with some near-the-money puts on LEH, but chickened out. No guts, no glory. Still banging my head everyday. The options market should be interesting in the coming day. The spreads are getting absolutely HUGE like with WM. Talk about unintended side effects. ProShares ETF? Orders to create new shares have been halted, wonder how that one will play out.
You guys should be worried about this:
Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
http://calculatedrisk.blogspot.com/2...-proposal.html
http://www.nytimes.com/2008/09/21/bu...ss&oref=slogin