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Geithner: Confidence has returned to markets

Submitted by meekandmild on Thu, 09/10/2009 - 15:59
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WASHINGTON – Citing emerging financial sector stability, Treasury Secretary Timothy Geithner said Thursday that a number of government rescue efforts in place since the Wall Street crisis are no longer needed and that banks will repay $50 billion in rescue funds over the next 18 months.

http://news.yahoo.com/s/ap/20090910/ap_on_go_ca_st_pe/us_mel...

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Turbo-tax cheat Timmy

Submitted by RonzdaMan on Thu, 09/10/2009 - 17:59.

is either lying or clueless. Timmy needs to come to the shantytown that I live in...in Ohio. Seven years ago...this was a thriving community. Timmy is a fool.

Bastard.

insider selling is off the

Submitted by dfwrider on Thu, 09/10/2009 - 17:30.

insider selling is off the charts right now.

Trying to get new suckers to invest,

Submitted by SirFelix on Thu, 09/10/2009 - 17:05.

so they can short the market relentlessly and make more billions.

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Now I was not aware of this.

Submitted by Devon_Saunders on Thu, 09/10/2009 - 17:00.

So it used to be called the President's Working Group on Economics, or the Plunge Patrol Team.

Now they've renamed it Confidence?

I think we're all aware that Confidence is in the markets, tyvm Timmea.

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Then why does the BoE needs to buy $290 Billion of Stock?

Submitted by Republican Liberty on Thu, 09/10/2009 - 16:50.

It is Britians week to print money to buy more banks stocks to pump up the bankrupt banks at the taxpayer expense to collapse the pound. This should pump up the stock market for a few more weeks. "The Bank of England plans to keep buying as much... as 175 billion pounds ($290 billion) of assets to cement the economy’s recovery from the worst recession in a generation." This is proof of fake demand for stocks. http://www.bloomberg.com/apps/news?pid=20601068&sid=as7uNPsY...

Oh really - Maybe that's why Mutual Funds are Fleeing the Market

Submitted by Republican Liberty on Thu, 09/10/2009 - 16:32.

As CNBC guests will be so quick to admit, the money on the sidelines is indeed not sitting still: it is fleeing! Even as the market has gone up by 4% over the past month, flows in domestic long-term equity mutual funds have become increasingly more negative. The total amount withdrawn is over $5 billion, and last week alone saw a -$3.2 billion outflow, according to Investment Company Institute.

Not only does this refute claims of any presumed sidelines money stoking the rally, but it emphasizes the question mark over who it is that, with Swiss watch precision, keeps gunning the market at 3:30 pm sharp every day, while the volume keeps declining progressively http://www.zerohedge.com/article/51-billion-outflows-domesti...

I have a question about this...

Submitted by fadingTruth on Thu, 09/10/2009 - 16:24.

Is it a violation of the constitution to have money returned to the treasury and spent the way the treasury wants too.

I thought all fund have to come from the congress, including returned funds from unconstitutional bailouts.

Any thoughts.

Glad to Hear It

Submitted by Meistersinger on Thu, 09/10/2009 - 16:09.

Now, when things go south again Obama will not be able to shirk responsibility.

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