Sep
19

After AIG, Paulson’s Moral Hazard Ends at the Golden Door by Wall Street Weather

Wall Street Weather - Enjoy!

“After Treasury Secretary Paulson’s insistence that there would be no more “bailouts” for Wall Street, the September 16 announcement that “the Federal Reserve Board with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to American International Group (AIG),” reflects the acceleration of the Harvest Moon panic running like a contagion through Wall Street. The Sun and Saturn in Virgo reflect the fear and pessimism (Saturn) in the speculative markets (Sun). These energies oppose the Moon and Uranus in Pisces. Emotions are running high (Full Moon) from the shocks and surprises (Uranus) of how rapidly the financial system is unraveling…”

Read the rest - Wall Street Weather

  |   Posted at 9:30 am 

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