Closing markets?

True or not, and probably and surely not, all you need to know is that this rumor had some plausibility to it.

WASHINGTON (MarketWatch) — The White House denied Friday that it had any intention of closing financial markets. “There are absolutely no plans or discussions to interfere with the functioning of markets in the United States,” White House spokesman Tony Fratto said in an email message. Earlier Friday, Italian Prime Minister Silvio Berlusconi had given conflicting statements about the possibility. He first told reporters that the idea of financial leaders closing markets was on the table, but he later told reporters that his only knowlege of such plans came from reading media accounts of the financial crisis. Berlusconi also said that G8 leaders may have a meeting to discuss the crisis in coming days
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Original Source: blog.mises.org

  10 Octubre, 2008| Economy | @ 18:59

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