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Day 3 - Wall Street Crisis !

By Linda Lipscomb

Real Estate Broker/Owner with Linda Lipscomb RE/MAX Lexington Henderson County TN 262480

September 17, 2008 04:01 PM

A sell off not seen in decades!!

Correction or catastrophe???

This crisis started with the housing market and will need the rebound of the housing market to regain American trust.

First Bear Stears, Freddie & Fannie, Lehman, AIG, and today the talk on Wall Street was the merger of Morgan Stanley by Wachovia.

In reviewing today's events, the uncertainty was causing chaos on Wall Street.

Day 4......critical. Regardless of what happens tomorrow, history will be made, no doubt.

Praying for a miracle.

Linda Lipscomb

RE/MAX Unlimited

870 W. Church Street

Lexington, TN. 38351

731-249-5376

lindalipscomb.com

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Sergio Rebollo Jr.

Real Estate TeamMates - Miami, FL

Praying for a miracle is right!!! What else could happen? When it was Freddie and Fannie I thought that was as bad as it could get.

Sep 17, 2008 04:15 PM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Linda,

Rocky times on Wall Street! I agree that tomorrow will be very interesting...guess time will tell.

Sep 17, 2008 04:20 PM

Don Rogers

Keller Williams Realty Chesterfield - O'Fallon, MO

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

This is getting to be one great adventure after another, don't forget BofA & Merrill.

Sep 17, 2008 11:45 PM

Stephen D White, E-Pro, ABR Cape Cod Real Estate

SDW Realty of Cape Cod - Falmouth, MA

Linda the Feds are pumping in billions of dollars to save these financial institutions from financial ruin. I hope that it doesnt get any worse? Crisis certainly and correction of course. I hope not catastrophe!

Sep 18, 2008 03:23 AM

Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN

731-695-1118, Lexington TN Homes

Thanks for your comments, guys.

Things are looking up, thank goodness.

Sep 19, 2008 07:17 AM

Bonnie Randklev

McCormick Realty - Bullhead City, AZ

What a financial mess we are in. Its very scary and dangerous times. Will this bail out of Wall Street really help the housing market? Every one is scared.

Sep 23, 2008 02:09 AM

How in the world did it ever get this bad? it just goes to show you without good leadership from both congress and the president not working together how bad things can get!

Sep 23, 2008 02:31 AM

Linda now that the financial rescue/ bailout has happened I hope the market including real estate will turn around?! One thing Im glad that this happened before Bush got out of office so that he had to deal with the mess that he helped create!

Oct 04, 2008 02:13 PM

Day 3 - Wall Street Crisis !

Comments(8)

Linda the Feds are pumping in billions of dollars to save these financial institutions from financial ruin. I hope that it doesnt get any worse? Crisis certainly and correction of course. I hope not catastrophe!

How in the world did it ever get this bad? it just goes to show you without good leadership from both congress and the president not working together how bad things can get!

Linda Lipscomb

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