Wall Street trashes Obama's Treasury plan for banks

Discussion in 'The Back Room' started by BuckeyeT, Feb 10, 2009.

  1. BuckeyeT

    BuckeyeT Well-Known Member

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    http://finance.yahoo.com/news/Wall-St-tumbles-on-bank-plan-rb-14312204.html


    The prevailing view is that we're watching amateur hour......the market started selling off with every word Geithner spoke. Dow is off 400 and testing the November lows......
     
  2. Terry O'Keefe

    Terry O'Keefe Well-Known Member Administrator

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    These guys are starting to look more and more like the Carter Administration.
     
  3. BuckeyeT

    BuckeyeT Well-Known Member

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    ....in this environment, that's not even funny.

    I knew we didn't have time for on the job training with this guy but I didn't expect him to go 0-fer either. The guy can't find the plate and we desparately need him to throw strikes.......first he outsources "his' stimulus plan to Pelosi :shock: with predictable effect and now this.......

    There are a whole helluva lot more important things for being a successful chief executive than being skilled at reading a teleprompter......may God help us.
     
  4. George Krebs

    George Krebs Well-Known Member

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    Have faith! Ignore the fact that five years ago no one even knew who this guy was. Or that he had 2.5 whole years as a senator, most of which he spent campaigning for President. He's just getting warmed up.

    FUBAR!
     
  5. IrishCorey

    IrishCorey Well-Known Member

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    ......and all of this is still George W Bush's fault.


    *yawn*
     
  6. George Krebs

    George Krebs Well-Known Member

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    My plan is sounding better and better!