Wednesday, November 12, 2008

Stocks beaten down by changes in bailout plan, concerns over consumer spending, economy

Stocks plunge for third straight session

"A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrials fell 340 points, and all the major indexes dropped more than 3 percent." --- Well, duh, the banker takeover bill, known by the proles, in newspeak, as the "Bailout Bill" was about getting freedom to spend money freely on whatever, whenever, however much, without fear of any legal recourse. So, of course they won't buy bad assets if they have freedom to buy good assets!!!

Posted by planning4acrash @ 08:47 PM (652 views)
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One thought on “Stocks beaten down by changes in bailout plan, concerns over consumer spending, economy

  • planning4acrash says:

    To clarify, martial law in Congress is suspension of house rules, where bills are submitted at 10mins notice with 5mins to make a vote, no time to read the document. To be threatened with martial law is to be under martial law.

    Here is Brad Sherman on the Alex Jones Show, and the infowars article:

    Here’s Burgess on the Alex Jones Show, and the infowars article:

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