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YESTERDAY'S NEWS-Knife-FORK-Spoon
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<blockquote data-quote="1982vett" data-source="post: 586253" data-attributes="member: 7795"><p>In his speech yesterday, Treasury Secretary Paulson said "<em>Much attention has focused on the use of auctions to purchase troubled assets from financial institutions. We are moving as quickly as possible to organize and implement the most effective process possible. We expect it will be <strong>several weeks </strong>before our first purchase." </em> <a href="http://www.treas.gov/press/releases/hp1189.htm" target="_blank">http://www.treas.gov/press/releases/hp1189.htm</a> Afterwards the market sold off some 400 points. As far as the selloff today; why wait several more weeks to see if anything gets done?</p></blockquote><p></p>
[QUOTE="1982vett, post: 586253, member: 7795"] In his speech yesterday, Treasury Secretary Paulson said "[i]Much attention has focused on the use of auctions to purchase troubled assets from financial institutions. We are moving as quickly as possible to organize and implement the most effective process possible. We expect it will be [b]several weeks [/b]before our first purchase." [/i] [url=http://www.treas.gov/press/releases/hp1189.htm]http://www.treas.gov/press/releases/hp1189.htm[/url] Afterwards the market sold off some 400 points. As far as the selloff today; why wait several more weeks to see if anything gets done? [/QUOTE]
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