Wall Street Manna

An irreverent look at Wall Street

Wednesday, September 17, 2008

Russia, China and the US are all in

They all want their markets to go up! It looks like they took a page from Pakistan's playbook.

$44 billion from Russia to prop up their markets, new stimulus in China, and our government with hundreds of billions being thrown in.

How comforting is that? Your money market breaks the buck, but the Fed's say the markets are safe because short selling is now being restricted.

Fun times!

And the AIG financing is "off balance sheet!"

The next target is Citigroup and their balance sheet of toxicity, and no one wants that to happen. Without these new short sale rules, it could roll over.

And you wonder why gold is getting a bid!

You just can't keep papering over your problems!

But now, the game has CHANGED.

Prepare for it!

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