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on September 27, 2008 01:14 PM
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Published in : The News, The News |
To repeat, the objective of Stock & Option Trading all this activity is to provide a bridge for the financial system while it transitions from a period of indiscriminate excess and gets back to normalcy. I do not believe the Fed should be, or is, bailing out any particular institution. Nor do I personally believe that any institution in and of itself is too big to fail. But I do believe that we must have a financial system that is in working order. We must have a system where the chain of delegated monitors operates smoothly and efficiently. We must have a system where the pipes that nourish capitalism sustain the fertile lawn that is the American economy. It is the Feds duty as lender of last resort to lead the way to restoring the efficacy of the financial system.
The Fed has made some tough judgment calls lately, and, having Metatrader Expert Advisor - Prophet I Profitable EA been party to making those calls, I can assure you they certainly were not made lightly. In principle, we know that the market should decide the winners and losers, who survives and who fails. I am a big fan of
Winston Churchill. It is always more easy to discover and proclaim general principles than to apply them, Churchill said. I now know full well what he meant. Accentuate The Positive
Last update : September 27, 2008 01:14 PM
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