I will be on Powerlunch from 1:15 to 2pm today, discussing the markets, bailout/rescue plan, Bernake testimony, and all things crisis related:
1. The new Bailout price tag is $2.25 Trillion Dollars
2. Ben Bernanke speech on
why he took this job and WTF did he get himself intoStabilizing the Financial Markets and the Economy;
3. Paulson’s reversal regarding bank capital injections comes after a long period of underestimating the problem;
4. Regardless, we still have to deal with a nasty recession;
5. Something about the election/debate is likely to come up.
Should be fun . . .
There were 3 video segments;
The 1st segment, starts at about 3:30.
2nd segment is about markets in general starting at the 1:50.
click for video
3rd segment has a Dennis Kneale mea culpa, and our buy call.
Airtime: Wed. Oct. 15 2008 | :50:0 08 ET
Discussing today’s market action, with Barry Ritholtz, director of equity research at Fusion IQ