A lot of people, will be watching Washington today, to see if
the U. S. House of Representatives, will hold their collective noses, take the plunge and vote for the massive eight-hundred and ten billion dollar, rescue plan. The vote in the House is supposed to take place around twelve o'clock today. The pork loaded bill, was adjusted to try to bring on board those reluctant members who refused to vote for the first bill. The financial button pushers on Wall Street will be watching as well. Tick, tick, tick.
The DOW lost 348 points, based on worries about the passage of the bill and broader economy issues.
The problem with the passage of this bill is that, this will not completely solve the problem. It is just the beginning, the structure problem in the system needs to be addressed. Hopefully, someone or
more, will take the bull by the horns and put forth a solution,
which will give some hope to those who have lost trust in just about everything, their President, the Congress and Senate, the financial system, and more.
Just reported, Wachovia will be purchased by Wells Fargo, in an all stock buy, of fifteen point, nine billion dollars. Citigroup got bumped by Wells Fargo, when Wachovia's Board of Directors approved the sale to Wells Fargo.
The "Great Debate', betwen Governor Sarah Palin and Senator Joe Biden, occurred on Thursday night at 9:00 p.m. est, at Washington University, in St. Louis, Missouri. The much anticipated possible
collapse of Governor Palin did not occur, neither did Senator Biden
insert his foot in his mouth, and put out a gaffe, that would be played over and over again on the networks stations. Both comported themselves well, with Governor Palin doing enough to silence those critics who expected her to ramble and talk incessantly without saying much of anything. Me? Still not interested in a Miss Alaska runner-up, winker, with cutsie quips, being the keeper of the keys for nuclear weapons, should she need to be, especially with a seventy-two year old person, with four bouts of cancer in the past, at the head of the ticket. She, from her answer, as to which Vice-President she admired, said George H. W. Bush, because he went on to be President after learning at the feet of the President. Some assume that this means she has aspirations, of becoming President someday, should John McCain win in November, don't really think that will happen, but that does not mean, that she, if that is what she aspires too, will give up her dream. Let's see if the fact that the Alaskan judge's decision to allow the case to go forward, into whether or not she abused her powers as Governor, will make any difference. Innocent until proven guilty, right, oh yes forgot for a moment, the current administration negated that little law didn't they? So the debate is over, we go back to where we were, with an economic mess, the country looking for a leader to take over, and save the ship.
Senator John McCain's campaign, announced that they would be leaving the battleground state of Michigan, taking down advertising, stopping mailings, pulling out staff and virtually conceding the stae to Senator Barack Obama, due to cash concerns.
Toyota is to offer free financing, for the first time in the United States, on the purchase of it's automobiles.
Warren Buffett told Charlie Rose on PBS, that he thinks we are in an Econmic Pearl Harbor condition.
AIG has reportedly is selling, its "extordinary businesses", to help the company pay off its debt.
U. S. Corporate Bond sales reportedly, have dropped to $1.25 billion dollars, as the credit crisis deepens.
The crash site of adventurer, Steve Fossett's plane, was found in the Eastern mountains of California. They are still looking for human remains, for DNA testing to determine if Mr. Fossett, died in the crash.
Please visit: www.socyberty.com/writers/quiet+voice.8137
Also: www.newsflavor.com/writers/quiet+voice.8137
Please leave a comment, and check out the advertisements.
No news, is not always good news, best to buffer yourself, if you can.