Monday, September 29, 2008

And so it goes....

The market tumbled heavily today. The largest single-day point drop ever, 777.68 points down.

The bail-out plan is a catch-22: If it doesn't happen, the economy will plummet even more. It will be ever harder, perhaps nigh on impossible, for people to get loans - student/auto/business. If it does happen, we are basically giving in to the greed of Wall Street and banks, telling them "it's okay that you messed up, we'll just bail you out." It's taking away the idea of a free market, which should be able to correct itself.

So, here we go... it's not over yet.


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