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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:07 AM
Original message
U.S. Monitoring Market Reaction to Blasts
<<SNIP>>
http://www.latimes.com/news/nationworld/politics/wire/s...

U.S. Monitoring Market Reaction to Blasts
By JEANNINE AVERSA, AP Economics Writer


WASHINGTON -- The Bush administration is keeping close tabs on the world's financial markets in the wake of a series of explosions that rocked London's transit system, Treasury Secretary John Snow said Thursday.

"At the Treasury Department, we are monitoring global markets," Snow said. "I will stay in touch with world financial leaders."

Snow's comments were made during a trip to Omaha, Nebraska, where he was talking to business leaders about the nation's economy and the President Bush's plans to overhaul the Depression-era Social Security retirement system.

The Treasury chief echoed Bush's remarks decrying the "horrific acts" that took place in London.

<</SNIP>>
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ugarte Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:09 AM
Response to Original message
1. Ah, yes, the markets...always their main concern
As long as it's only people dropping...
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skooooo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 10:10 AM
Response to Reply #1
7. Isn't that the truth!!

Truly our god is money.
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Delphinus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 11:10 AM
Response to Reply #7
10. That's what I said to a friend this morning.
That I was tired of money being the only thing that mattered. I see it everywhere I look - perhaps since I'm not one of the moneyed people.
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:16 AM
Response to Original message
2. Shouldn't Snow be concentrating on identifying the "money trail" of the
terrorists?
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northzax Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:18 AM
Response to Original message
3. the "depression-era Social Security System"?
I guess that makes sense, as long as we remember the Constitution is 'colonial era'
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acmejack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:21 AM
Response to Reply #3
4. Well, it will be the second depression era soon enough
So perhaps they should leave the depression era programs intact.
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Coventina Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:26 AM
Response to Original message
5. WTF does that mean?
What is the Treasury dept. going to do if markets around the world tank because of this?

And did you notice the line "President Bush's plans to overhaul the Depression-era Social Security retirement system."
In other words, outdated system that needs replacing.
Pure propaganda.
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Wright Patman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:35 AM
Response to Reply #5
6. Grinchscam gives the order to create more trillions
out of thin air.

The central bank lingo for this is "injecting liquidity into the system."

Of course, the housing bubble and $60 oil would seem to indicate we are "awash in liquidity" already.
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amazona Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 10:54 AM
Response to Reply #5
9. if the market drops a certain amount they have controls
Trading can be completely halted if need be until hysteria passes. Trading was halted for a few days after 911, if you remember. There are also controls that do not halt all trading but which slow down any freefall.

Little Caligula's jab at Social Security at such a time is cheap and trashy and completely inappropriate but what do you expect of a drunk who can't even ride a bike?
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Psyop Samurai Donating Member (873 posts) Send PM | Profile | Ignore Thu Jul-07-05 10:46 AM
Response to Original message
8. business leaders in Omaha...
.
...any word yet on Warren Buffet's whereabouts?
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