hmmm...

The financial market has painted themselves into a corner.

Another nice way to put it is the feds and the treasury are caught between a rock and a hard place. And this is being very nice.

BTW, its not $700billion. The feds have pumped in over $600billion already and they are adding another $700B. This round of infusion will be more like $1trillion.

nope credit is really tight and everyone is sort of waiting for the shoe to fall off.

Most people are under the assumption that the federal reserve is part of the US govt. Well, its not...

I'm sure Mr. Silver being in the banking industry can say a few words. Maybe like me, he doesn't want to say too much.

I'm not saying much cause I already got into a huge drag out argument with a person who has demonstrated his complete lack of understanding how and why RTC was created to this latest bailout plan. I'm sort of expecting the federal reserve to issue a $500 note and a $1,000 note in not to distant future. These two denomination was available about 80 years ago... I think...

Lastly, I'm not counting on my social security at this point.

smilingcat