Bailout Leads To Total Economic Collapse
Monday, September 22nd, 2008
Yikes! The markets are closed and so are you. The Dow ended down 373 — more than 3% — and the S&P 500 dropped nearly 4%. But there’s good news if you are, say, a Saudi Prince: Oil shot the hell up by $16 a barrel, the biggest single-day climb since the Van Halen album 1984. Why do investors hate Hank Paulson’s plan to nationalize the collapsing U.S. economy while destroying capitalism and providing crucial help to the nation’s starving hedge-fund managers? [Marketwatch/Bloomberg]
Yikes! The markets are closed and so are you. The Dow ended down 373 — more than 3% — and the S&P 500 dropped nearly 4%. But there’s good news if you are, say, a Saudi Prince: Oil shot the hell up by $16 a barrel, the biggest single-day climb since the Van Halen album 1984. Why do investors hate Hank Paulson’s plan to nationalize the collapsing U.S. economy while destroying capitalism and providing crucial help to the nation’s starving hedge-fund managers? [Marketwatch/Bloomberg]
