master day trader update !?

[DimPrawn]

Incidentally this $700 billion dollar won't work - it ain't nearly big enough.

Indeed. If anything, this deal will make things much worse.

[rootsnall]

Now is not the time to buy anything. Gather cash and Gold.

The stockmarket does turn around pretty quickly though, all that stuff about buying when everybody else has given up ! With the government bailing everything out there is a bottom to some of the finance shares, I think we may be close for the sounder ones but what do I now. My theory is buy Lloyds as they'll pull out of buying HBOS.

[BrilloPad]

Yes not looking good is it. I'm going to hold for now - I expect a bounce back later in the week when the deal is made law.

Incidentally this $700 billion dollar won't work - it ain't nearly big enough.

That is pure guesswork - but you are probably right. The question is how much will be enough?

What is needed is honesty. A rare commodity for bankers.....

[aussielong]

Indeed. If anything, this deal will make things much worse.

So you know better than Bernanke & The Fed and US Congress, then do you?

What would you do then, and why? In less than 100 words please.

[DiscoStu]

So you know better than Bernanke & The Fed and US Congress, then do you?

What would you do then, and why? In less than 100 words please.

You can't question DimPrawn's financial savvy, he's a millionaire!

[DimPrawn]

So you know better than Bernanke & The Fed and US Congress, then do you?

What would you do then, and why? In less than 100 words please.

Let each bankrupt bank fail. Use taxpayers money to help depositors and borrowers only.

Setup new banks.

It's called Capitalism.

[DimPrawn]

You can't question DimPrawn's financial savvy, he's a millionaire!

WHS

[TimberWolf]

You can't question DimPrawn's financial savvy, he's a millionaire!

Ex-Millionaire. I reckon Diver is the richest person on here.

[aussielong]

Let each bankrupt bank fail. Use taxpayers money to help depositors and borrowers only.

Setup new banks.

It's called Capitalism.

Actually I agree of course. This is sending the wrong message to the banks about what they can get away with in future.

Also developing 3rd world countries that are being told by the US not to nationalise and opt for a freemarket economy. Double standards. This says capitalism does not work.

[TimberWolf]

Incidentally this $700 billion dollar won't work - it ain't nearly big enough.

Indeed. If anything, this deal will make things much worse.

$900 billion / $10 million each = 70,000 bonuses. Isn't that enough?