experienced: Market Update 10-6-08
- 10/08/08 07:53 AM
WWW.NEWTONSELLSCHARLESTON.COM MARKET RECAP What should have been a sure thing last week turned out to be a sure thing this week. We are referring to the $700 billion financial-market rescue package, which the House of Representatives unexpectedly nixed last week on a 229 to 205 vote, sending equity and credit markets into a tailspin. The Senate then stepped in, larded the package with porcine inducements, and then sent it back to the House for another vote. Fortunately, the House gave the amended package a collective thumbs up and sent it to the President for his signature. The good news … (1 comments)
Personal observations about life and real estate in Charleston, SC areas, humor, discussion of real estate & mortgage market conditions, info on southern coastal and beach areas in SC, occasional guest bloggers
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