Tuesday, September 30, 2008

The Market's Response to the Failed Bailout

The DJIA is up nearly 400pts as I post this.

3 comments:

Aurora said...

Great comic and all round blog, Zen. I'm blogrolling you.

NEPAExpat said...

You say bailout. I say pump and dump. The credit markets are tight because the banks are waiting for the government backing. They took huge amounts of risk knowing the government would pay the tab. If the bailout goes through, they would be right.

They'll be glad to take our money without any oversight and wave the white flag to tank the market once their friends have closed their stock positions. We may be the strongest country in the world, but no islamofascist has done more damage than Countrywide Financial, Goldman Sachs, and Bear Stearns in the last 8 years.

Zen said...

Thank you Aurora.

nepa, the real questions that need to be asked are how much of that3/4 of a trillion dollars is going into the pols pockets?
and who are they going to hire to administrate it and at what salary?