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2008-09-22 Home Front Economy

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Posted by lotp 2008-09-22 00:00|| || Front Page|| [1 views ] Top

#1 The Treasury has since limited its new FDIC-like coverage of money market funds to those on deposit up to 9/19/08, new deposits will not be covered. The commercial paper market may still be in trouble.

Posted by Anguper Hupomosing9418 2008-09-22 00:26|| 2008-09-22 00:26|| Front Page Top

#2 The next few days will be very interesting in the banking "industry."

Posted by Besoeker 2008-09-22 04:39|| 2008-09-22 04:39|| Front Page Top

#3 Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.

In 1987, we had a similar decline. Seems to me that we're still around today.

Posted by Zhang Fei 2008-09-22 14:32|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-09-22 14:32|| Front Page Top

#4 Looks like we are becoming Japan, a country that sought to prevent rapid movements in its capital markets, unless those movements were in an upward direction. The result? The Nikkei average is less than 1/3 of its peak levels in 1987.

Posted by Zhang Fei 2008-09-22 14:38|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-09-22 14:38|| Front Page Top

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