$770 BILLION BAILOUT not working

by SamCogar Mon Oct 06, 2008 12:51 pm

Here it is @ 12:36 PM on Monday ........

and the Stock Market is down almost 500 points.

Another TRILLION DOLLARS of value ......... down the drain.

WHOOPS, it is now 12:40 PM ..... and it is now down 536 points and falling.

How low will it go ....... today?

I wonder why Shermmy's Congressional Democrats are not in control like they promised?

Care to tell us anyone.

OH, .... I know, ..... they are right this minute busy holding hearings to find out what went wrong ............ as if Frank, Shuman, Dodd, etc., etc. didn't already know.

.

by SamCogar Mon Oct 06, 2008 2:10 pm

At 2:06 PM ....... and Market still on a slide.

Now down 571 points with 2 hours of trading left today.

,

by Aaron Mon Oct 06, 2008 2:32 pm

2:28 PM and the dow is below 10,000 points for the first time in 4 years. Of course it's the fault of grandstanders like me for delaying President Bush's rescue plan.

I did find one thing ironic.

Paulson picks interim head for rescue effort By MARTIN CRUTSINGER, AP Economics Writer
33 minutes ago

WASHINGTON - The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.

Neel Kashkari, the Treasury's assistant secretary for international affairs, was selected Monday to be the interim head of Treasury's new Office of Financial Stability.

It's not that Kashkari is a former Goldman Sachs executive, it's that we now have an Office of Financial Stability.

$770 BILLION BAILOUT not working 33948

by Aaron Mon Oct 06, 2008 4:54 pm

The market closed down 370 points after falling 800 points to settle below 10,000.

So how's that bailout thingy working?

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