Very Shaky Day on Wallstreet , "Black Monday" that started Worldwide last night.....Updates posted throughout the day below

(Originally posted at 3AM EST, updated throughout day).
AM UPDATE: If you want to watch the Index online Click here to watch....it is not stable this am. The real time quote is a static number, so you must refresh/reload the page to get a new real time quote, and click graph/chart to see visual.

This weekend , after a shaky week on Wallstreet, World Markets are suffering, it was a very bad night on the Asian Markets. It is not just about Lehman Brothers, and WaMu, and Merrill and Bank of America, and AIG. We need NEW leadership that can speak Honestly about the ECONOMY and problems and tell the Truth, and not say it is "psychological". There are International Implications and Consequences, during the Night, these Phrases were used " Global Financial Crisis" and "Bloody Monday" and " Recession that is verging on Depression". I watched CNBC all eve and night, and they livestreamed the Reports out of Japan, India, and Taiwan and Australia.

The British analysts at MN, are speaking about how New Leadership need to focus on this, and that Regulation needs to return to the situation....they did not even mention Bush or his administration ( they have clearly written him off). What has started....this will not stop...We all need to watch, and pay attention, this is not just about Lehman Brothers.There is NO Spin for this.Will DC Bailout the Investors ? or the HomeOwners ? watch....Do read Reutersit is very thorough and Bloomberg as well.We will also need to hear HOW the Candidates respond to this Crisis.And think on this, this is the Kind of Crisis that a President should be able to handle responsibly at 3am, not bail out his crony buddies and give the American People More Lies.

The Rest of the World is watching how we cope with all of this...and how we take care of each other..and this is part of WHY how we Vote is so important....There are also many many thousands of homeowners that are in danger of losing homes as these banks shift their resources.....This Crisis is not just about Investors, it is about people like you and me. We all know that while the War Profiteers and Warmongers, and Oil Barons were making money, they were not investing this Country and Our People....And Many had money invested in Lehman, others are retirees that trusted Lehman to take care of their retirement monies....So this is a very mixed risky situation.But were these people, the investors told the Truth, or were they fed spin these past few monthes. Our President and his administration and the Repugs have never discussed what happens when the Stress of the Housing Market collides with the Investment Market, or put any safeguards or regulations in Place.

Please be good to each other today....and this week...it will be a long week. Open Thread in the Comments.
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3am Snippet From the Bloomberg Article about Lehman:
Sept. 15 (Bloomberg) -- "Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history.

The 158-year-old firm, which survived railroad bankruptcies of the 1800s, the Great Depression in the 1930s and the collapse of Long-Term Capital Management a decade ago, has petitioned the U.S. Bankruptcy Court for the Southern District of New York today, according to a statement. The collapse of Lehman, which has more than $613 billion of debt, surpasses Drexel Burnham Lambert's failure in 1990."
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Articles To Read:::::
First there is the Lehman Brothers Mess to readand then read about the Ripple effect in Our Market and then Other World markets.and More on their Bankruptcy is worth Billions.
Then start reading about the Asian Markets.
Then read about the WAMU situation, as it effect homeowners with ARM loans, very important.
Do Read this article about how the FEDs are trying to set up a BailOut Program ( but WHERE will the money come fromAnd is it too Little Too Late?
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8Am Monday.
Early Monday am,Article USA Today explains how Obama came out speaking honestly about the Situation this weekend, explains how the Economy is Unstable and how it is Connected to This Repug administration.
More about how the World Markets responded During the Night in Asia and Europe in this International Tribune Article.

9:30AM:
More on MerrillLynch's Fate is revealed this morning in this NYT article.
Over the Weekend Greenspan explained WHY we can not afford McCain's disasterous economic policies.And More aboutwhat Greenspan said over the Weekend about this Financial Crisis.Both Biden and Obama calling it as it is, that the Economy is tanking thanks to Bush, and McCain. 8 am this Morning Deluded McCain said' that the Fundamentals are strong. (?!)
Three Hours Later in Orlando to 1500 people I saw him say something very different, he can not even Focus or keep his story straight.

WATCH MCCAIN SAID THAT THE ECONOMY IS STRONG THIS AM: ( 3 hours later in Orlando he would change his story)

McCain has Graham as his "advising idiot" giving Horrible advice.
WATCH BIDEN RESPOND TO THESE ABSURD COMMENTS BY MCINSANE, AND GIVE THE REPUGS HELL"

12 NOON:
So the morning is passing, and the markets are still rattling....Read More aboutWaMu because it is still sitting on the edge, and no one is stepping forward, they were and are heavily invested in the Subprime Market. The WhiteHouse and Paulson are supposedly going to have a press conference today at 1:30PM. AIG is still desperate for Cash....I will post more this afternoon, they are seeking 50 Billion Dollars in Assistance.

MORE : This is what Bush the Idiot in Chief had to say this morning in his pissed off rose garden presser.

1PM:::
AIG and WaMU still wobbling...and not out of the clear , read more at WSJ.Lehman Brothers employees have been shown leaving the Building in NYC, carrying their meager boxes, 25,000 people jobs are at stake there alone. Yet the CEO's for Lehman got 29 million last year in bonuses( I am not sure if that is per person or shared). Huffpost is doing an amazing job covering this, it helps that Arianna has such a strong Financial Background. Financial Bond Watchers said on CNBC " AIG is toast,there is no way they can save this by Wednesday". Paulson is due to give LIVE press Conference at 1:30PM .

1:48 PM Paulson spoke- gave WH presser- he lied and stuttered and danced..see comment below. Market dumped 42 points while he spoke, down 302 points as of now.

3:30 PM the Govt has asked the JP Morgan and Chase and Goldman to bail out AIG and lend a Combined 70 Billion...and Bail them out...Market down 336 now ( was over 400 down 15 minutes ago..) Helen sent this overGREED is what has fed this mess, Christian Science Monitor great article.

4 PM Update:::
Down 467....( down 4%)\Biggest one day drop in years.....AIG losing 19 Billion dollars today....Lehman declares banruptcy....
Merril Lynch bought by BAC..oil below 100/barrels....metals even down...Goldman Sachs down.....( worse day since 911)...
DOW down 504..48,DOW at.10917....WaMU at 2.00/share.

6:30PM
I am going to watch the National News...but first Helen Found Obama Speaking today- nice little 3 Minute Clip - he has come out fighting...and he is speaking the Truth to the Idiots at the Helm of this Titannical Administration...

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Maybe we should just go to McInsane Rallies and hand out HOOVER Buttons....or wear them with Pride.

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*{ the song above is "These Old Walls Could Speak" by Nanci Griffith,Click The Title, it is the song I hear as I walk my dog by empty houses in my hood....There is plenty down below about the McCain Palin Mess...read on}*