markets killed october 10th

[puppetmaster]

Markets suspended today in russia. Indonisia. Vienna. And....

[nobody's_hero]

How does shutting down the exchanges prevent panic selling? Are shareholders supposed to think everything is fine and dandy whenever it gets so bad the government shuts down the stock exhanges?

Dousing flames with fuel, I think.

[LibertyEagle]

Tomorrow is going to be interesting.


“This Friday, October 10th: When the Lehman deals get unwound. Potentially $400 bn in payouts. Lehman debt now trading between 15 cents and 19 cents on the dollar, with imputed losses of 81 cents and 85 cents on the dollar;

Oct. 23d: WaMu trades get unwound.”

http://emac.blogs.foxbusiness.com/2008/10/07/behind-the-turmoil/

[JosephTheLibertarian]

Isn't the state evil, or what? Why is government so god damn involved in economic matters? It perpetuates what it hopes to alleviate lol. dumbasses! I'm not even an economist, yet I think I'm more of one than those keynesian fucktards advising the governments of the world.

[eredeath]

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