Thursday, September 18, 2008

Hallelujah… Rescue, Timeliness, & Cooperation

On Thursday morning, the Federal Reserve infused $105 billion. Unfortunately, the Dow Jones Industrial Average remained sluggish. On Thursday afternoon, an intervention was rumored. Another Resolution Trust Corporation? The Dow Jones Industrial Average soared 410 points.

Currently, the proposal is incomplete. Secretary of Treasury Henry Paulson and Congress are negotiating. With that stated, their conversation is appreciated. Their cooperation is welcome. As previously stated, America’s economy needs saving. The savior is irrelevant.

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