Voltron says: There is opposition building to the bailout proposal because it is a blatant power grab. It’s in line with my prediction of the government nationalizing the banks. Since – despite gyrations – the market ended basically flat last week, I expect the government to engineer a major crash next week before the legislation comes up for a vote to “force” congress’ hand.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ae6b6P1L8E_E
1 comment:
I would bet that they will approve the plan because they're scared like hell and feel that any action is better than no action.
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