I hope there's a country left to govern by fall. The Feds just slashed interest another .25% on SUNDAY!
Bear Stearns is being bought for less than 10 cents on the dollar, and the Fed is pouring more money into the credit houses to try to prevent a crash.
This has the potential to devolve into a 1929-type crash.
Conservative macro-economics at their best. Deregulate, loot, loot, loot, until the taxpayer is left holding the bag.
Bush bankrupted every company his daddy set him up with - and now he's mismanaged the nation to the brink of collapse.
Heck of a job, George!