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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 01/08/11
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< sarcasm >
Nothing like waking up to a world where all our problems are fixed.
Feels good man.
< / sarcasm >
Even the Ransquawk guy seems to feel good. /sarc
It sure does. The only thing remaining in this quick fix is muscling the rating agencies into place. Well a quick flashback to the MBS mess teaches us who they owe their allegiance to. Either the one with the biggest muscles or the one with the biggest wallet, preferably both.
They will Obey.
Will this bill really get voted through both the Senate and House today without a last-minute drama setting off a major panic? /seriousness
Last night I would have said "No." This morning I'm starting to have my doubts. The House Dems have not rallied behind the plan yet. There may be enough disgruntled House Repubs to queer the deal.
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