Friday's passage, of the Emergency Economic Stabilization Plan of 2008, by the U. S. House of Representatives, has not quelled the worries of the markets, that it will prevent a slowdown in the economy. Businesses, small and large, and individuals are already feeling the pain of the credit freeze.
Overnight the DOW futures were at 269 points down, S & P futures down 33, Nasdaq futures down 44 points.
Actual overseas markets, Nikki down 465 points, Hang Seng down 878,
FTSE down 243 points, DAX down 311. This could be a very black Monday,
perhaps the U. S. markets will be up, by the end of the day, with
bargain hunters, but intraday trading looks very dreadful, based on the futures markets. On the positive side, it is a very good time to purchase a few, possibly fundamentally good companies, but homework and due diligence should be applied. Confidence is slipping away,
and something is needed to done to stabilize the markets, even a psychological boost, would be helpful at this point.

Wells Fargo and Citigroup will be in court, to settle their differences over the purchase of Wachovia, as a judge temporarily
halted the purchase by Wells Fargo, of the company. Reports are that Wachovia may be split up, between the two banks. Northeast and Mid-Atlantic operations to one, Southeast and California to the other.

There is an expectation that, at least one-hundred banks may fail in the U. S. in the next 12 months.

Countrywide has settled a consumer fraud lawsuit, for 8.4 billion.
Countrywide is now a part of Bank of America. This lawsuit reportedly will save thousands of homeowners, in various points of possible foreclosure. The suit affects 11 states in the U. S., and will probably be joined by more states. Some of the homeowners will have their interest rates cut and some will have their principles reduced.
The program will not start until December.

The Dutch Government will take over the Dutch portion of Fortis Bank,
which is suffering the same fate as many other banks around the globe. The cost is reportedly twenty-three, point two billion dollars.

HSBC is benefiting from new depositors coming from other distressed banks.

Oil has fallen below $90.00, who would ever believe it? Demand has fallen off in U. S. and overseas, some say this is accounting for the falling prices.

Twenty-nine states out of fifty, in the U. S. are suffering from budgetary problems.

Senator Joe Biden's mother-in-law, passed away, after a long illness.
Wishing his family and friends, peace in their time of grief.

Russia is reportedly dismanteling, its check points in Georgia, the deadline, is the end of this week.

Secretary Rice has sent her Deputy to Iraq, reportedly to negotiate the withdrawal of the troops.

King Abdullah of Saudi Arabia, held a meeting between the leaders of the Taliban and the Iraqi Government, in September, in Mecca. It is reported that the meeting took two years to pull together.
No information as to what transpired. The top leader of the Taliban was not present.

The second presidential debate between Senator Obama and Senator McCain, will take place in Nashville, Tennessee, on Tuesday evening, at 9:00 p.m. est.

Please go to: www.socyberty.com/survival.46610, and
www.healthmad.com/less-stress-more-strength.48540
Please leave a comment and check out the advertisements.
Thank you.

Growth, is a matter of learning from experiences.