For those of you that were screaming from the hilltop that the Bail-Out Bill was going to save the world ... How's that working out for you? As of this writing the Dow is down over 500 points. This is the Monday after the Friday the bill was passed. I thought we were told that the market was waiting for the signing of the bail-out and it was going to skyrocket up again. Hmmm ... The US Taxpayer was sold a bill of goods. Now we're going to buy worthless paper.
If the "investments" were worth anything, don't you think that private investors would be buying them? If they don't think they'll turn a profit why the the US Government?
Welcome to Socialism, folks. It would have been cheaper for the US Government to pay off the mortgage of everyone that ownes a home than this BS bail-out is going to cost us. This is going to be an interesting ride. See you at the bottom!
UPDATE 10/6 (End of Day): The final closing today was -369.88 after a drop of over 800 points! It almost feels like the Wall Street guys were blowing smoke up the Congress' ass letting them think they had any control over the markets at all and then spit in their face after getting them to vote for the 'bail-out' ... Fun stuff.
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