Wednesday, September 17, 2008

Dow industrials tumbling more than 300 points (Again)

Government bailout of AIG adds to fears about the stability of the financial markets. WaMu, Goldman and Morgan Stanley all tumble.

read more | digg story

2 comments:

Pat R said...

from a historical point of view it's hard to object to the government's mass bailouts since similar debt-producing methods were put into action to bring the U.S. out of the Depression... it's like we've been heading for socialism this entire time

Eduardo Cantoral said...

Patrick Roberts
Bailout of the rich cats. I don't believe it is going to trickle down to us little mice.
Socialism is a nineteenth century concept. I don't know what we were heading for, but I don't think it is socialism.
Any names?
What about "hard times" for some years.
I write this down, when the bailout money is $700 billion! Signed by the President and all.

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