Posted by Sigismund on September 30, 2008, at 0:09:11
In reply to Re: Oops-- there goes the economy..., posted by Sigismund on September 29, 2008, at 23:38:45
This is from an article by Guy Rundle, an Australian journo in the States.......
In a coffee shop near the Capitol building, the vote had the same effect as a hurricane, prompting strangers to talk to each other.
"You gotta put your money in silver and gold," said one guy at the counter. Another snorted.
"Silver and gold? Guns and food man, guns and food."
Someone rushed in -- "I just heard that ATM's will be shutting down by this evening," he said breathlessly. Everyone looked at each other, and went back to their coffee, the TV. And then a couple of people quickly paid their cheque and quietly slid out...
At a quarter to five, after the market had closed 777 points down -- spooky -- Treasury secretary Henry Paulson addressed a press conference outside the White House and said, well nothing, what could he say: "I will be continuing to work with Congressional leaders to get a deal they can all support..."
He sounded hoarse like he'd spent the past 72 hours on the phone -- or the past three shouting at people.
The principal question: "Was anything resembling his plan dead in the water?"
...he stonewalled. And then let slip: "Our banking system has been holding up very well, considering the pressures."
Read that again -- he's actually saying the whole banking system could go. Not "our system is solid" but "it's holding up very well".
And it's only Monday.
poster:Sigismund
thread:854180
URL: http://www.dr-bob.org/babble/poli/20080728/msgs/854882.html