DJIA close the day after House defeat of bailout: 10850
DJIA just prior to Senate approval of bailout: 10831
DJIA close the day after Senate approval of bailout: 10482
DJIA just prior to House approval of bailout: 10679
DJIA close the day after House approval of bailout:???
Currently: 10213
(rough numbers based on times of votes)
Look - the Big Boys - the investment houses, the banks, the hedge funds - are going to let the stocks sink sink sink.
Then they’re going to use their taxpayer-funded $700 billion slush fund to buy up all those low cost stocks, and cash in when they drive it up again about one or two years from now.
They’ve had a game plan for this all along. And Paulson will be back on Wall Street with his buddies.
I can't wait for the morning stats...grrrrrrrr.
sw
I’m just shocked that so many people are so naive and uneducated...not. Those of you who want the truth should read about the Garn-St. Germain Depository Institutions Act of 1982 and the “bailout” of that period. Then read the actual text of the recent bill that the marching morons are screeching about.
Ignore the propaganda. Stop allowing crooks of any political party to corral you into voting for their anti-American, anti-family puppets with name-calling, fear and dishonest slogans. Save resources for your families. Become builders and gardeners. Enjoy the ride. :-)
financial markets hate this plan because it doesn’t address the underlying problem of the credit market. Banks need cash, not bad paper assets removed.