Interest rates are tough enough to forcast without all of this chaotic credit mess. Word is that hardly any bids are being met for bonds under Merrill Lynch, Bank of America, Ford and the likes. There is a lot of uncertainty about what the government is going to do. All we have heard is short statements all day that contradict themselves. Dodd comes out and says we might have to nationalize. Then there is a short statement from the white house that they support a private banking system. They just need to put everything on the table.
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