Originally Posted by
David Merrill
Please show us in links, and also quote the Notes. The Notes will probably reveal what Congress has done here. If Congress did not do that, then it may be found in Executive Order?
I do not want to comment until I know more. I recall you mentioning it a week ago. Thank you.
If this is true and your perceptions are knowledge then I AM by intuition believing my remarks for a few weeks now that the Run on the Fed is immanent, and that the Bankers' Holiday in the Trading with the Enemy Act has been going on slowly since the NYSE shut down for three days fifteen years back.
-Something a suitor calls Plunge Protection Team, and Bailouts, Raising the Debt Ceiling (willy-nilly) and four or five renditions of Quantitative Easing - the Frank-Dodd Act complete with Shock Testing for any institution with over $10B assets etc...
The Markets closed when they became a controlled environment.