'President Bush assured us last week that things are under control. “The fundamentals of our economy are strong,” Bush told a press conference August 9, the day after the three French banks shut their mortgage funds, sending the New York stock market tumbling in response.

“I am told there is enough liquidity in the system to enable markets to correct,” the president added. That is, Bush believes there’s enough cash to cover the current failures. The market is saying there isn’t.'

This input from Bush frightens me more than anything with his record for LIES and DECEPTION. Inevitably this must be a lie. Now is it a deliberate lie or will it turn out to be a lie in time, one that he isn't yet certain is a lie.

GOD HELP US ALL.

The bubble burst in 2000. Now paper that had become money, will become paper again.
The mistake they made was they were too sure they'd get away with it. They had it all worked out, but they went way over the line. People they expected to be quiet were so horrified, they refused to keep quiet. Now too many people are on to them, with credible evidence contradicting their stories. It was once said that "if America sneezed the world would catch cold"
Now with the fortress mentality there seems to be an imposed isolation, which is bound to reflect, now the self destruct button has been pushed. Can anyone disarm the fuse ?
"If we can't trust money, what can we trust ?"
We have to trust that people will be people.