Sit back, take a deep breath and remember what is happening around you at this point in time. Today will be written about in history for quite a long time.
What this week ending today boils down to is the financial system imploding. This is financial Armageddon. In the past several months they have spun the truth, injected hundreds of billions of dollars not including today’s global injection and bailed out massive companies like AIG and the GSE’s. Still the markets did not clear.
Credit markets today were still locked up as tight as ever and stocks were ready to crash again today. Now, they are turning to legislation. Remember this moment. This is what financial Armageddon feels like. As of this moment in time, we are imploded. Without emergency action tonight, the fall out from this week is what would have caused the real devastation. -Best, Mr Mortgage