Posted on 02/10/2009 8:57:39 AM PST by teddyballgame
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
The Dow Jones Industrial Average was down about 70 points, then lost another 100 in a matter of minutes — before even any official government announcement.
Major U.S. Indexes.DJIA7979.04-291.83-3.53%854,424,000.NCOMP1543.75-47.81-3%388,535,700.SPX838.3-31.59-3.63%2,328,859,700
Stocks continued to slide as Treasury Secretary Tim Geither revealed details of the bank-bailout plan. CNBC will interview Geithner after his speech, at noon. Then he's on to Capitol Hill, where he will testify before a House panel.
(Excerpt) Read more at cnbc.com ...
...and this is the guy that was SOOOOO important and vital we had to confirm.
What the hell did the country expect?
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
The above site is just a taste of what is in this bill, and a preview of more to come.
The market is reacting as one would expect.
Socialism is anathema to private markets.
The Obama “no confidence in capitalism” market free fall continues.....
Geither is just another smooth talking tap dancer that props up his empty suit ‘leader’.
President ‘Oh, Bummer’ is a dangerous fraud!!!
-280 right now at about 7990
Timmay is almost crying in front of Brian Williams!
It’s a bad cake and it’s half baked.
I finally figured out what it is about Geithner that makes the market distrust him (besides the fact that he’s a brazen Tax Cheat and closet socialist)...he looks like Eddie Haskell.
Crudes below $40 too.
It’s down 289.92 right now.....
Thanks, Hussein!
They must be supermen and superwomen -- or part of a criminal conspiracy.
wow...just checked and its down 275 pts.....good job obama.....there goes another chunk of my 401k....
beyond dangerous
LMAO!!!
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