Jul 08
7
The Bears Come Home To Roost
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Check out this blog posting by Mike Shedlock.
He is a financial analyst who has excerpted some recent comments by Henry Paulson, the US Treasury Secretary.
From those comments he deduces that the US is preparing for some serious blood on the tracks in terms of the financial markets!
Here is what he says:
In my estimation this is tacit admission that large financial
institutions are poised to fail, and the tools are not in place “to
limit that impact and facilitate an orderly failure”.
institutions are poised to fail, and the tools are not in place “to
limit that impact and facilitate an orderly failure”.