Thu, 10/02/2008 - 11:18am — lambert
Maybe there aren't any more bigger fools?
Stocks tumbled and credit markets remained tight Thursday after plunging factor orders and a seven-year high in jobless claims stoked fear that the government's financial rescue plan might not be enough to ward off a recession. The Dow Jones industrials fell more than 300 points, their fourth straight triple-digit move.
Hey, I've got an idea:
Since we were told on Monday that it would take an Act of Congress to stop the stock market from falling, and then we passed the Act, and stocks fell anyhow, why don't we just cut out the middlemen, and legislate stock prices! That way, we can make stock prices be Whatever The Fuck
We Want!
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Well, it didn't take long for that tragedy to play out. Maybe we
can put a stop payment on the $700B check? Some banks only charge $25.00 for a stop payment. I think it's worth the investment.
I love this job!
I love this job!
excuse me, but how can we ward off a recession
when we're in the middle of one?
Who's smoking what to believe that we're not in hard times already, cushioned by all those toxic debts we just acknowledged as existing?
WTF
?
Mutual Fund Cos signing up for cash too--
"Less than a week after the Treasury Department announced its ad hoc insurance program for money market funds, some of the nation’s largest mutual fund companies have already announced that they are signing up for coverage. ..." -- http://www.nytimes.com/2008/10/02/busine...