The Dow lost more than 7% today, dropping to levels not seen since the first half of 2003. I’ve seen videos that blame the financial crisis on providing zero-down, sub-prime mortgages to people that wouldn’t be able to handle the combination of dropping real estate values and increasing payments. It makes sense to me, regardless [...]
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Quote of the Day — Camille Paglia
Even if she disappears from the scene forever after a McCain defeat, Palin will still have made an enormous and lasting contribution to feminism. —Camille Paglia ___ Hat tip. Dinocrat.
The Dow Jones Rollercoaster
A lot of money was lost and made today, but does anyone really understand what’s going on? Last Monday we were told the market dropped because the House voted down the bailout. Today, the first business day after another bailout bill passes, the market drops again. Now we’re being told it’s a worldwide problem that [...]
Overheard Over the Cube Wall
It’s a good thing the bailout passed — the Dow’s down only 500.