The Emergency Economic Stablization Bill of 2008, was passsed by the House of Representatives today. This bill may not be enough to stop what is coming. The process is going to take some time, and the things that may happen in between then and now, may be very painful.
The warning came a bit too late, in my estimation, and the next President of the United States, will be so caught up in the righting of the ship, that not much else will be able to be done. Besides the two wars that are being waged. This is the time of great novels, as the breath and depth of this monster, called credit crisis, is dealt
with.
California's Governor has just announced that his state needs seven billion dollars, in less than a month or Government workers, teachers, and others paid by the state, may not be paid. On the other coast, New York's Governor Paterson, is purposing to lease the state's assets, in order to increase revenue. Florida is also having financial problems.
Wells Fargo is being challenged by Citigroup, for making an offer to Wachovia, which was accepted, when Citigroup thought it had an exclusive verbal offer. Wells Fargo said it had a signed offer of
acceptance. Citigroup is looking into what its legal rights would be.
Rock, paper, scissors.
The SEC's ban on short selling of stocks, reportedly will expire on October 8.
According to Goldman Sachs, the U. S. recession will be significantly
deeper.
U. S. job loss totaled 159,000 in September.
The lights on Broadway were dimmed tonight, in honor of Paul Newman.
Take a trip over to: www.authspot.com/writers/quiet+voice.8137
Please leave a comment and check out the advertisements. Thank you.
Cherish your friends, always.
No Comments/Trackbacks for this post yet...