1. Slashing rates will do nothing to save us. Bernanke has been cutting for months- how has that worked so far? The only thing he has succeeded in doing is destroying the dollar.
2. If BSC is only worth $2 I can think of a whole list of financials that are virtually worthless. Expect all financial companies to be re-priced. Many firms will eventually go to zero.
3. If BSC CEO comes on CNBC as he did the middle of last week and says everything is fine with his firm and they have not been significantly impacted and two days later they are broke then the guy is a fucking liar! Period. You don't go from just fine to broke in two days. Where are the handcuffs? Where are the regulators? WTF?!
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