Thursday, September 25, 2008

Paulson and Bernanke

What I still don't understand about this whole bailout fiasco is where specifically this urgency to have the deal in place by Monday is coming from. What's so special about this upcoming Monday?

Have Paulson and Bernanke somehow created a market expectation that this (the bailout) would happen, thereby amplifying the adverse consequences if it doesn't?

I am confused.

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