Lehman Brothers went under today and Merrill is being sold... Fed FINALLY stopped bailing out the financial companies.. we need to let them fail and start cleaning up the mess instead of bailing em out.. they should have let Bears fail, all they did with that was delay and prolong the mess.
No more bailouts. Let the chips fall where they may. The sooner we hit botton, the faster we can rise wherever that may be. I have pulled all my money out of the market outside 401K.
The fed will not be able to afford to bail them all out. I believe that is the reason they are not doing it.
Although I don’t want them to bail anyone out, their reason for not doing it is not very good news for the economy.
I hope y’all got a good garden and remember how to can food. ;)