If Fischer was in the Government he would be the only one who I would belief because he knows what he is talking about and he is honest and capable- the very opposite to what we have governing this country
This mess won't be over for a very long time.
250 billion to the banks will provide every american with 840 dollars to borrow.
Of course they could service 840,000 thousand loans for homes at $300,000.00 a piece.
It's not enough money another words.
The dead cat bounce we had yesterday won't survive.
We are headed down a long and slippery slope.
3. #1, If you believe the financial crisis will be for a year
Rich ,
Toronto, Canada
(10.14.08)
you are a fool. Banks around the world are trillions of dollars in debt with credit default swaps, and this crisis is going to last for more than one year. You see, the international banking system is a total fraud, and it's on the way down. Fisher is lying when he says the financial problems will be just for a year.
he (Mr. Fischer) says? Do you really expect he'll reveal you the truth? The banking system needs your money. If you do not spend you money the country will be in trouble.