$1 trillion..what can we sell on craigslist?
Apparently banks need $1 trillion more before they will once again lend to each other and to businesses small and large. Gosh, is that all?
While the big three hope for a bailout, the U.S. lending system continues to unravel. Meanwhile, French President Sarkozy has uncontrollable schadenfreude.
The S&P is down almost 20% since Obama was confirmed. Fear that Obama will repeal the Bush tax cuts? Or fear because Bush’s agents have given us is the equivalent of a sip of water during a 24 hour run through the desert.
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