Special Market Report: Is it time for the huge US rescue package?

Published: September 23, 2008, 1:13 pm

Yes it is, says Greg Michalowski from FXDD . I suggest you read what he has to say. I tend to agree overall with his ideas, but I am just angry that it had to come to this in the first place. Corporate greed and stupidity was the cause and these big ivnestments banks are beneficiaries of what amounts to corporate welfare. - all at the tax payers expense! But, it is true that a rescue plan is necessary to avert further and potentially far worse financial disasters that will surely come if nothing is done. It’s a tough issue to deal with. Anyways, here is the article. Ejoy! –quote– Is it time for a huge and meaningful US rescue package? Have the risks gotten too great for the current band aid policy to continue? The time seems right. Something has to be done to prevent further deterioration in the US financial sector. Paul McCully, from PIMCO, was on CNBC arguing for a preemptive strike by the Treasury through the direct purchase of

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