TOKYO, Nov 20 (Reuters) - Japanese Economics Minister Hiroko Ota said on Tuesday the government has no plan to set up measures to support stock prices for now.
Not many have access to the Fed meeting minutes. Only those the Fed wants on the same page. It is the federal Reserves position that the way to save the financial institutions from real collapse is to encourage them to shore up their balance sheets with real money. The fed wants the mortgage companies and the bond insurers to shop for REAL capital. The type of real money needed to shore off a credit rating down turn. It is in the interest of the country to have the monopoly money that stocks are traded with to wither away.
The shit will hit the fan at 2:15 on Tuesday. SELL EVERYTHING Dump FAF ABK ORI WFC BAC
$32.2 (11/20/07)
