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Here's an idea for the SEC chairman.... close the market tomorrow....

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:02 PM
Original message
Here's an idea for the SEC chairman.... close the market tomorrow....

Give Congress and the administration a 3-day weekend to solve this.


Then open the market Monday.



We closed the market for a week following 9/11. We can close it for a day for this.
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tomp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:05 PM
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1. no financial expert but that sounds like a good idea. nt
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Barack_America Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:07 PM
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2. Too risky. If you can't get a deal done by Monday, you will have panic on the markets.
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:09 PM
Response to Reply #2
4. Says who? Don't you think they WANT us to believe that?
But nobody totally understands the situation so...
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:09 PM
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3. The markets have a mind of their own.
They correct. They go up and down. It's not all about the bailout. I say let 'er rip. Then we will have buying opportunities! When Obama gets back in the world will enter our markets again in a big way.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 10:10 PM
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5. they could get the deal done a week from next wednesday and it would be fine
they can't spend months on this, but a matter of days won't make much difference to the economy.

it WOULD have a big impact on the presidential campaign, though.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 11:25 PM
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6. That Would Make Things Much, Much Worse
The market will probably be down tomorrow. Bankruptcies usually affect the market for one day only. It is not likely to crash. There will be another up day when a plan is agreed on.

Closing the markets is what would cause panic.
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