[FoRK] [silk] So it's finally happening?

Adam L Beberg <beberg at mithral.com> on Fri Aug 10 11:03:27 PDT 2007

Eugen Leitl wrote on 8/10/2007 8:05 AM:
> World shares fall on credit fears
> Stock indexes have fallen sharply again on Friday, a day after markets
> in the US and Europe suffered heavy losses amid fears of a global
> credit crunch.

It's OK, the Fed (which is not a government entity BTW) spent about $100 
per American so far today ($38B but going up every hour or so) to bail 
out hedge funds.

If you think your $100 is insane to bail out some very very rich people, 
don't worry it's not really money, just numbers created from nowhere in 
a computer, and the only effect will be some more inflation which will 
not hurt the very very rich people.

-- 
Adam L. Beberg
http://www.mithral.com/~beberg/

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