FINANCIAL MELTDOWN
“Financial Meltdown”–that’s the article of today’s Yahoo! article titled “Congress examines whether more changes are needed in $700 billion bailout program”. Interesting.
The Dow took a nasty dip today on reports that the United States government doesn’t want to buy crappy asset leftovers from the bank.
What exactly did we see on Wall Street today? Google’s stock (GOOG) diving to a closing price of $291–A price Google hasn’t seen since October of 2005.
Yahoo! dropped to $10.34.
Microsoft at $20.30.
While the Bush administration shifts course on its $700 billion rescue plan, Congress is examining whether even bigger changes should be made in the program in light of the deteriorating economy and soaring mortgage foreclosures.
What’s in store for the US Economy? I seem to be asking myself that question a couple times a day lately…
November 13th, 2008 at 3:00 am
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