Bush, allies seek to calm jittery investors

Sunday 12th October, 02:29 AM JST

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13 Comments

LIBERTAS at 07:05 AM JST - 12th October

Bush talks = Markets drop. See the connection?
rajakumar at 07:48 AM JST - 12th October

Money into system =Market stability.

No money into systems/banks= Markets with less cash= Investors confidence with cash/gold only.

IMF/US/other cash funds into systems/banks = Market stability/Investor confidence.(not yet done fully,takes time)

This is the plan, any objections by JT readers.
Farmboy at 12:55 PM JST - 12th October

After taking over the banks, the major companies, the oil supply, the food supply, and the general population, the markets should begin to stabilize. People will be happy, and they will sing in honor of Our Leader. Remain calm. All will be well.
adaydream at 01:33 PM JST - 12th October

Somebody tell george bush to shut up. That'll help the markets better then his continued running his soup coolers. < :-)
coulrophobic at 01:39 PM JST - 12th October

“In an interconnected world, no nation will gain by driving down the fortunes of another. We are in this together. We will come through it together,” Bush said.

If you have something better than that please let us know, adaydream.
coulrophobic at 01:40 PM JST - 12th October

"Bush talks = Markets drop. See the connection?"

Obama gains in polls, markets drop.

Smell the fear?
adaydream at 01:51 PM JST - 12th October

While the markets were taking a steep nose divre george bush was saying how strong the market was. Day after day, reassuring that the markets were strong until, We're broke we need a bailout.

I was watching interviews of market brokers and they were saying that his continued running his mouth does no good and probably more damage.

he's got no creditability. < :-)
timorborder at 03:14 PM JST - 12th October

So after 8 years, has this guy done anything right? Surely Bush will go down as one of the worst US Presidents. His litany of mistakes is endless. This economic meltdown is just the icing on the cake, or the shxt in the sandwich, whichever you prefer.
some14some at 03:27 PM JST - 12th October

Just now i was watching NHK news (3pm) and it seems Bush is least bothered about Financial crisis, at G-20 summit he is smiling and sending winks while delegate next to him is delivering a speech! What a Shame, no wonder American tax payers are strongly opposed to bailout plan.
SuperLib at 03:27 PM JST - 12th October

The blame for the entire world crisis rests on the shoulders of George Bush and there is no doubt about that.
proxy at 03:40 PM JST - 12th October

Rajakumar, Money into system = more money down the toilet. No government has anywhere near the trillions of dollars to back up the debt that is unwinding. A couple of trillion dollars pumped in by governments is a drop in the bucket, i.e. not anywhere near enough to have any impact. There is over a trillion dollars in outstanding swaps on one company, GM, alone. Perhaps the US should nationalize the Fed and start issuing new currency.
SuperLib at 02:29 AM JST - 13th October

proxy, it sounds like you're mistaking the value of the credit default swap market with it's impact on the economy.
Farmboy at 05:25 PM JST - 14th October

Well, we got a nice upmove on Monday. Money is starting to flow again, banks have been supported, investors have been reassured, and we can get on with our job losses and the depression without any more major banks going broke. I feel sorry for whoever is elected because there's no way they won't be blamed for all this.