Monday, September 29, 2008

Fed pumps record 630 billion

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY&refer=home Fed Pumps Further $630 Billion Into Financial System

http://www.marketoracle.co.uk/Article6530.html "A well-known cynical New York short-seller observes: "This morning, Mr. Buffett referred to the 'economic Pearl Harbor ' that would occur if the Federal government did nothing. Well…given that Mr. Buffett's Berkshire Hathaway has written almost $40 BILLION in equity puts…one Pearl Harbor would certainly arrive in Omaha !"

http://www.rgemonitor.com/roubini-monitor/253801/the_us_and_global_financial_crisis_is_becoming_much_more_severe_in_spite_of_the_treasury_rescue_plan_the_risk_of_a_total_systemic_meltdown_is_now_as_high_as_ever