Tag: financial reformSort
The majority of the financial ‘experts' in the world did not see the credit crisis coming, including the Federal Reserve, SEC, numerous Congressional committees with financial and regulatory oversight, and certainly not the heads of the financial institutions that failed or required a federal government orchestrated ‘bailout' to stay in business.
The U.S. Dollar is giving back some of its gains from yesterday. Traders are taking profits on the thought that yesterday’s break was overdone. The rally in the Dollar was triggered yesterday when the stock market broke sharply. Concerns about financial reform fueled the second broad-based equity market sell-off since Friday. Liquidation was across the board as no sector seemed to be safe.