What Really Happened: The Dow Plunges ... and it is starting to resemble the Mariana Trench.

It looks like the market didn't seem too impressed with the Congressional $700 Billion Bailout also known as the "ginormous power grab by the US Treasury Secretary to buy lots and lots of worthless paper assets for an enormously obscene sum of taxpayer money in order to save a bunch of rich financial weasels who made some very bad business decisions because they were initially encouraged to do so by extremely reckless public policy changes included in the "Community Reinvestment Act" passed by Congress in the 1990's.
WRH permalink




Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <i> <b> <strong> <br> <hr> <h2> <h3> <h4> <embed> <object> <param>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options