U.S. crisis effort may have further roiled markets

[EasyEJL]

TEL AVIV (MarketWatch) -- The U.S. government's "disparate" responses to the problems at financial firms may have confused market participants as to which companies would get help and in what form, thus adding to the market turmoil, said Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, according to The Wall Street Journal. "Shifts in expectations regarding official intervention may have added volatility to financial-asset markets that were already roiled by an increasingly uncertain growth outlook," Lacker said at Hebrew University of Jerusalem, according to prepared remarks. Investors and Wall Street executives have criticized the government for sending mixed signals about which companies it would use taxpayer funds to support, the Journal reported.

 

[EasyEJL]

the bailout bill was imo one of the worst things the bush presidency has pushed.

 

[RobInKuwait]

the bailout bill was imo one of the worst things the bush presidency has pushed.

That and the "economic stimulus package", though I didn't mind getting a $1200 check.

 

[Outside Backer]

i concur on both accounts

 

[rms80]

I am def. not real happy with my portfolio ATM- or hedge funds in general- between credit swaps and turning oil from a commodity to an equity b/c they needed somewhere to park money in a failing market- they caused a large part of the recent market turmoil- and the oil prices almost wrecked our entire economy