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CNN: Credit markets could take MONTHS to see improvement from bailout ... link

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Alhena Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:14 PM
Original message
CNN: Credit markets could take MONTHS to see improvement from bailout ... link
http://money.cnn.com/2008/10/03/markets/bondcenter/cred...

Politically, this could be good news. Let's face it, bad economic news is good for Democrats until November.
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IndyOp Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:15 PM
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1. Indicating, perhaps, that we've just flushed $700B down the toilet... (n/t)
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Alhena Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:17 PM
Response to Reply #1
3. I don't think so- the bailout's impact will be felt after the securities start being purchased
Edited on Fri Oct-03-08 01:21 PM by Alhena
right now, banks still don't know how much bad debt other banks are carrying. The treasury hasn't bought the first CDO yet. So I expect banks will be hesitant to lend to each other for a while. Still think some form of bailout was necessary, though. This bad debt is like plaque clogging the arteries of the financial system. The economy is at risk of a severe heart attack at any moment in such a state.
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demnan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:16 PM
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2. Now they bother to tell us what we already know
This Bailout bill won't do a damn thing for us.
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:34 PM
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4. No economy has ever turned around in 30 days.
Ever.
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