My goodness, another horrible day on Wall Street. Can he just shut his mouth and stay away from a microphone until the grownups arrive? It seems like every time he says something - anything - the market drops hard. There are a lot of people out there who are counting the days until he's gone for good.
On top of that, we also are stuck with Bernanke who has managed to ignore recent history in Japan and still thinks we can rate cut our way into prosperity. Not. Going. To. Happen. There's only so much rate cutting that the Fed can or should do before it starts feeding the deflationary possibilities that are already floating around. I hope that they've identified his replacement and have that person ready to jump the second his term is up. Who knows. Maybe we will get lucky and Bernanke announce that he wants to spend more time with his family and resign.
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Paulson talks, markets tank almost 700 points
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