Trillion Dollar Band-Aid

Trillion Dollar Band-Aid.  But no principle was paid on any net debts in US or Europe.  Only more debts were added to the existing ones.  So now we will see a  bigger problem down the road with less means to deal with it.  Meanwhile, the bankers continue making off like bandits at the expense of everyone else.  The biggest crime in the history of the world is being done by those at the control of money supply.  This won't end well for the masses short term.  Long term, the bankers might beware of getting caught too close to any lamp posts.  - Tate Ulsaker

PS.  Thanks to DG for the below news flash

Breaking News Monday, May 11th, 2010 Stocks: Best Day in 13 Months MarketWatch - U.S. stocks made their biggest one-day gain in 13 months Monday, re-establishing gains for the year, after an agreement on a nearly $1 trillion rescue plan to stabilize Europe lured investors back to a badly shaken market. Click here to read full story... Panic's over. But for how long? CNNMoney - The stock market is doing its best Timex impersonation. It took a licking last week but it keeps on ticking. Thanks to a brutal four-day sell-off, the Dow, S&P 500 and Nasdaq all gave up their gains for 2010. But investors were giddily bidding up stocks again Monday on the news of a $1 trillion bailout package for Europe. Click here to read full story... SEC: Exchanges Agree to Coordinate New Rules The major securities exchanges put aside some of their differences Monday and agreed to coordinate trading rules to prevent stock plunges like last week's historic dive. Click here to read full story...     EU's Trillion Dollar Band-Aid Reuters - Steps announced by European Union finance ministers and the European Central Bank on Monday are by far their strongest effort to avert a regional debt crisis, and look likely to succeed in calming markets in the short term. Click here to read full story... Roubini: Bust Up the Banks The president's half-measures won't fix our failed financial system. Here's what will. In early January, Ben Bernanke defended the Fed's handling of the recent financial crisis. The lesson he drew was simple: better regulation could have prevented it. Click here to read full story...