RE: newtbigger drops then todays
1987 22% hacked off in one day on dow
1997 more % wise than today
but those drops were preceded by smaller drops, still greater than todays
the issue today is more money and people invested than ever before so the pain will be felt more, but the bleeding will only really occur on a 10-20% drop in one day, gold is still off its highs from earlier in the year----even that game if you buy gold you get handed a certificate.....lol.......a paper pushers paradise .......wonder if anyone has to deliver the gold if they aren't having to deliver the cash or the collateral for the derivitives or mortgage backed securities----were there even any hard assets pledged down there in NY?
looking like Paulson and a few others schemed a paper play, talked AIG and others to insure the paper with Paulson et al knowing that the paper was no good and the insurance would have to be payed, i can see it now.....
Paulson..."now that i'm Tresaury Secretary i'll get the gov to bailout all the payouts made by AIG et all...then we can go another round, like the old bull said to the young bull who ran down the hill, slow down and walked down save your energy and we'll F^*( em all...."
Legitimate banks get taken out by the governments worldwide to protect the government issued paper.....investment banks and investment bankers get hung out to dry...miliken,,,,etc...etc.......Paulson will be arrested any day in his office by a few FBI g-men......bernanke is going to roll over and spew it all