****BREAKING NEWS!!

[FrenchieCat]

[Maat]

1. Wow; that graph pretty much says it all .. n/t.

[FrenchieCat]

2. Yep. CNN is having an Emergency "Money" show on right now.

[Drunken Irishman]

3. That's another thing. Stocks will most likely continue to suck this week.

Syria Shmyira!

[FrenchieCat]

5. Aye!

Such news wouldn't help the stock market, that's for sure.

[CountAllVotes]

4. time to stock up on GRZZX

I think. :rofl:

[FUCK_BUSH]

6. This is Awful.

[FrenchieCat]

7. Yes....Trillions that said "Poof"!

Not good at all!

[nichomachus]

8. This isn't going to be helped by

the revelation that the banks are going to use the bailout money to go on a Palin-esque spending spree, acquiring smaller banks, rather than free up money to help consumers.

[FrenchieCat]

9. Heard that 10% of bailout was going to CEO salaries......

I hope this is wrong!

[NYC_SKP]

10. Here's a thread on that, and an article on 70 Billion in pay deals:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7604721

And the story citing 70 billion in pay: http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking

"Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.

Pay plans for bankers have been disclosed in recent corporate statements. Pressure on the US firms to review preparations for annual bonuses increased yesterday when Germany's Deutsche Bank said many of its leading traders would join Josef Ackermann, its chief executive, in waiving millions of euros in annual payouts."

(Credit to DU member lonestarnot)

:patriot:

[MindMatter]

11. America has no confidence in Bush. The world has no confidence in America.

This will turn around once Obama is elected.

Remember, nobody loses any money in the stock market if you don't sell and the price recovers.

It may take a few years to recover, but it will be worth it.

[Festivito]

12. Interesting review. /nt