Still No One has counted the Life Boats....
Then it was Tuesday....
So the Market dumped 777 points after the Bailout Fiasco yesterday. ...and then the World Markets did respond...Asian Markets and Aussie Market opened losing 4-5% within opening hour...Now for some updates...Foreign Leaders did try to encourage some sort of Intervention because of the effects are spreading...The World has watched Bush and his Cronies Make Mistakes and Ignore Problems worldwide for 8 years.....For Once the World is needing to see Some Leadership and Some Problem Solving. The Feds are pumping alot of money into the situation,even globally ( that was barely mentioned on the news yesterday ).
This Guardian article explains how the European Markets are responding especially the Banks.
This Sydney Herald article explains how the Markets there were" brought to their knees"and they describe it honestly. More on Asian Markets from the Aussie perspective. Another European rescue is Dexia directly the result of American events.
Wachovia acquired by CitiGroup.... and it's acquisition is still confusing.Here is more on the Wachovia situation.
Another interesting post about yesterday is by Robert Reich I will be curious if he is right about this whole mess. And one of my favorite people that hangs out here , and sends me great comments and articles said this and it sums it all up :
"McCain promised enough Repug votes.Boehner promised enough Repug votes.Blunt promised enough Repug votes.
When vote time came, McCain, Boehner and Blunt failed to produce the votes.But if blame for the failure needs assessing, look no further than McBush's Repug Caucus.The market fell over 777 points, with around 2 BILLION trades being made. The Repugs failed."
More Updates through the day....Plenty Below on Palin going to Debate Camp and the horrible interview last night of McCoot and Palin on with Katie Couric, and Tina Fey as Palin, and also some George Carlin ...and in case you missed it...Dave Letterman did a beautiful tribute to Paul Newman.
and if you need some music this rainy day...some Jackson Browne might be nice.
2:30 PM Update:::::
People did call DC and complain about How the House handled this Crisis, and the Bill yesterday and why they voted the way they did. The Plan will be reworked once the House returns from the Vacation for the Jewish Holiday.
( I am a little confused why those that are not Jewish could not stay in DC and work on this...but ce la vie).
The market is up..so still labile...still volatile not a stable healthy situation.
Obama released a new ad this am that I have posted below and also gave a speech in Reno that is worth seeing and hearing...he is offering up real Leadership and working soliutions for Main Street. One idea that he offered up is FDIC increasing insurance protection up to 250,000. He is calm and thoughtful....
I will be back later...carry on folks.....