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2008/9/14-19 [Politics/Domestic/President/Reagan] UID:51165 Activity:nil |
9/14 LEH bailout fails; to file for bankruptcy tonight. MER bought by BAC (firewall). Central bank liquidity fund coming online. Guys: Multi-year global credit deleveraging. Nasty shit. It's your money though, so do with it what you will. \_ "But great as our tax burden is, it has not kept pace with public spending. For decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals." -Ronald Reagan \_ "Deficits don't matter. Reagan proved that." -Dick Cheney |
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