Really trying to downplay the "bailout" - talking about how it is unclear in its detail, confusing, not addressing the fundamental issues, won't solve the problem, etc... they are going through each euro country talking about how horrible it is... I wonder if this will go on alllllll day???
Outrage: Obama Administration Targets Military for Pay Reductions
President Barack Obama — who came to power with the help of government employee unions across the nation and has lavished on them hundreds of billions in stimulus funds to keep them on federal, state, and local payrolls with no strings attached — is moving to cut spending on salaries for military personnel.
You can't handle the truth? CNBC is sugarcoating it. Their Wall Street pals NEED for bagholders to take as much stock off their hands as they can unload before the game is up.
The old farts on the floor, the CNBC "smart guys" are sweating; fun to watch; not so fun to hear them talk about how "NOTHING HAS CHANGED FROM LAST WEEK." CNBC talking heads sit there and enable them... Hopefully we can get back to earnings, international ipad orders today, fundamentals...
The bailout was pushed by the IMF to save the EURO from collapsing. If Germany falls out, the UK will be forced to step in. The French never do anything but wait and let others do the heavy lifting.
Yeah, and who was the first person they turned to last Thursday and then had as a guest Monday morning? Dr. Doom himself - Noriel Roubini! I think they like Market crashes. It gives them something exciting to talk about.
BEWARE... the "government media complex"... showing the looped riots was done to help manipulate the downing of the market. CNBC is just one of those tools.
Not surprised if the market's down today... so predictable... down the market, market sells off, people lose money, market comes back people get back in only to have rug pulled and back down... no wonder there's profit taking, those doing it see the pattern and manipulation.
What a scheme!