As indicated back in October 03, "Too Bad, Congress! Markets TANKS!" the markets are going to move much lower and since October 3rd, the markets have shed almost 2200 points in the DOW in less than a week! That means that shareholders have lost over 2.2 TRILLION ($2,200,000,000,000 USD) in value. All this since the US Government began its big time intervention.
Note that Congress passed the EERA 2008 on Friday, Oct 3, 2008, and then left town. I hope they are getting more than ear full from their constituents over this debacle.
Also, this pretty much means the BHO and a Democratic Congress will be the result on Nov 4th. The public has been duped since it was the Democrats that blocked most of the reforms on Fannie and Freddie (GSE) back in 2001-2004, and we are going to send these people back to Washington DC with a mandate.
What a crock!
USA you will get what you deserve from those actions on Nov. 4th. I am glad that I have passports from several countries where I can move leaving the liberals and democrats to try and fund their programs with a socialized economy and no innovations since all those with brains are leaving this sinking ship.
Bye, bye, USA!
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