Overnight Notes During Crash

3:58 AM 10/10/2008
on tivo:
paul volker on Charlie Rose earlier in the evening:
we have the resources to deal with this problem
central banks are working together
former chairman, federal reserve
netting arrangements for these credit default swaps which eat up money and collateral
we have the tools
let's get this thing settled and go back and rebuild the system
This problem is bigger than first imagined but we have the tools
it's been dealt with piecemeal
big fight in congress was not confidence-building
putting it together on an international basis