The fed and the white houseare going to blast down barriers with that 800 billion dollars. This should keep the stock market from tanking for a few days.
Quote:
WASHINGTON "“ Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total bailout commitments, loans and pledges of backing neared a staggering $7 trillion.
Somewhere near that. It the market goes down this week look for another big bailout to be announced next week.Itreally infuriates methat the idiots bailed out the credit card companies.