Wall Street worries the crisis is not yet over (Observer UK)

[struggle4progress]

Desperate rescue plan may not be enough to halt economic slide
Heather Stewart, Rajeev Syal and James Doran in New York
The Observer, Sunday September 21 2008

Politicians on both sides of the Atlantic will be watching the markets anxiously tomorrow ...

After a calamitous week in which the fallout from the bankruptcy of venerable Wall Street broker Lehman Brothers threatened to drag down a clutch of other banks, Paulson announced that he wants to use $700bn (£380bn) of taxpayers' money to buy up toxic mortgage assets, in an attempt to avert full-blown financial meltdown ...

But analysts are not convinced that Washington's decisive actions will mark an end to the credit crunch. 'On balance, market developments and policy responses are still netting out to a very uncertain path for financial conditions and the economy,' warned Robert DiClemente, of Citigroup ...

http://www.guardian.co.uk/business/2008/sep/21/marketturmoil.banking

[aquart]

1. It ain't. Who told them it was?

[struggle4progress]

3. To sell this latest bridge-to-nowhere, they need to make it sound as if it might go somewhere

[Tandalayo_Scheisskopf]

2. I like the idea of residual uncertainty.

That means assholes on Wall Street will remain in their optimal puckered state, puckered so tightly that you couldn't pass a strand of Angel Hair pasta through them. That means they will be on better, if not their best behavior. That will serve to keep them in check until after the election, when congress can start with new laws and regulations that will come down on them like The Hammer of The Gods.

Note to Wall Street: Enjoy your last days of unfetterment. The party will soon be over and its gonna be the kind of Brave New World you are gonna be hatin'. You are gonna have to make an honest living.

[Mind_your_head]

4. The "bailout" has no credibility that it will 'work' AND

the 'populace' ain't happy about it/'ain't buying into the NEWEST/LATEST boondoggle'.....of course wall street/ the shadow masters are worried...... :nopity: