Comments on: U.S. intervention boosts stocks this year, but trend still down

By: John

John — Wed, 10 Sep 2008 14:37:38 +0000

Look, this is interventionist economics. It does not fix the problems in the market, it just delays the pain and potentially drags it out longer.
In a free market a correction should be allowed to happen without hindrance.
How can we continue to fight for freedom of other nations while we nationalize financial institutions at home?

By: William Lints

William Lints — Tue, 09 Sep 2008 15:17:43 +0000

It’s a good move for the legacy of the incumbent president but does nothing for the consumer, or stock owners. Until something is done to protect consumers from ARMs and probably do something about the slicing and dicing of mortgages, I don’t think there will be wholesale surge back into the home ownership market.

By: Peter Adam

Peter Adam — Tue, 09 Sep 2008 00:45:12 +0000

At what level on the S&P will the authorities be called on to bail out 401(k) plans? Stay tuned….

By: Chuck from California

Chuck from California — Mon, 08 Sep 2008 21:34:46 +0000

Certainly mortgage rates will go down.

But what are the long-term implications of this unprecedented move? Will the government be in the mortgage business forever? How will they co-exist with private lending institutions? How will this affect the taxpayer?

Somehow, this does not have a good feeling to it. Best case, I think we’re in for a long malaise, like the 1970s.

Condolences to all Fannie and Freddie shareholders. And condolences to our next President, who will inherit this mess, along with Iraq.

By: Neil

Neil — Mon, 08 Sep 2008 19:12:15 +0000

This is just the begining. Hold on to your hats!!