EU openings promise to be hot!

No, destroyed capital doesn't mean it has been burned, it's destroyed to be used as capital to generate credit at one time, the idea is to change the management of these assets (destroyed capital) and give them sometime to allow their recovery.

The 700 hundred billions were not meant to be thrown in the fire.... it's to replace destroyed capital. With it, you're not going to fuel a continuing credit bubble that has already burst, it's done. The problem you're facing now isn't about should you go on with easy credit, it's, will you have the credit you need to just insure the normal economic day to day demand, because right now you don't have it anymore.

True, no ordinary company can do what Fannie and Freddy have done, that said, the financial system doesn't have anymore the capital the banking system needs to generate the credit the actual level of GDP requires. If you decide to not replace it, you choose to head for a GDP reduction, it's a choice that can be made but you have to know about it.

Inflation wise, it's probably worse to ask the Fed to finance daily needs than it is to replace the destroyed capital through an increase of the deficit and borrowing.

Somebody new on my screen, it takes always sometime before I can read.

Very severe Jack. This promised to be the most challenging campaign in very challenging times, I think she deserves to have an adjustment time. She didn't spend the last few years around Washington learning how to play the game with the Press so.... there are misunderstanding and difficulties. But after all what do you expect from someone in the VP seat, she will have plenty of experts to say what should be done and what shouldn't be done and you expect her to question these experts a little bit more than they questionned themselves to make the right decision and I believe she has that capacity.

Hey, this is Democracy and Freedom in action, it's the People to decide.... Like it or not, Reps voted accordingly with their constituency's opinion I guess and here we are.

EU openings? You have something?

Dow now down by over 650 points.

Be ready for Asia openings if votes haven't changed...Gonna be HOT!

Votes in the House can change but for now the plan hasn't been approved. Dow down by 500.
I'm goin to buy some champaign. We're all about to go bust, if it sticks no fun ahead!

Details of the vote :
Democrats approved 141 opposed 94
Republicans approved 66 opposed 132
Total : Approved 207 opposed 226
Dow down by 450

Dow still regaining ground down by 403 points.

Votes can be changed, just happened now standing at :
Approved 206 opposed 227.

Votes 205 approuved 228 have opposed the plan - Dow down by 450.

Dow regaining some ground - down by 503 now - was over 6OO a few minutes ago.

You have it live on CNN now - It didn't pass yet and the Dow goin down.

Paris : United Small Nations, a conditional YES to PM Fillon's call for unity. The General Secretary in a quick address to the Press said "Not interested in the fake opposition of the Paris regime leftists, our members hace decided to rally Fillon's call for unity under conditions, rights and a deal for Small Nations autonomy NOW, we engage the PM to start right away the negociation".

Have time? Check this one out, Dexia (Paris market) comes under scrutinity.

I think it will go through because even Reps that have every reason to oppose the plan have also a great sense of the country's interest, today not ready to take up a global reset without major social difficulties. Doing nothing will only make things worse, even if I have to admit that the reset button is a big temptation... but would it be responsible? What do you say?

Well, you have to know I understand and share the Heartland's outrage over the all thing. Hardly ever considered or cared for, often mocked, frequently accused of racism and nationalism, now asked for money because some of these "experts" with high profile lifestyles who regularly talk down to them have messed up.... They know they gonna pay because they always end doing so somehow! Asking them to agree, may be a little extreme....

I'll catch you afterwards