Our financial system is crumbling this week.

[Hungary Jack]

If the bill passed, why has the DOW gone from up 250 points earlier today to being down 30 now?

Jobs report shows 160,000 non-farm jobs lost in September, the worst monthly showing in 5 years. Also news out of California that the state needs credit to pay its bills (CA is the worlds 10th largest economy). The timing of today's decline is probably profit-taking after the runup to today's vote.

[Leroy]

Dow 10k.

[AWvsCBsteeeerike3]

I thought one of the purposes of the bailout was to stabilize the stock market....

[TabascoElvis]

The Dow is still above 11,000....wake me when it breaks 10,000

tap tap tap

[heyzeus]

The [expletive] has hit Europe today. Russia's market was down 17% before they closed it. Many banks throughout Europe are being nationalized.

It's all but a certainty now, we're heading into global economic downturn. A lot of people are going to lose their houses and jobs. Almost all because Americans decided to take out loans they couldn't afford, and lenders decided to give loans that wouldn't get paid back.

[AWvsCBsteeeerike3]

The [expletive] has hit Europe today. Russia's market was down 17% before they closed it. Many banks throughout Europe are being nationalized.

It's all but a certainty now, we're heading into global economic downturn. A lot of people are going to lose their houses and jobs. Almost all because Americans decided to take out loans they couldn't afford, and lenders decided to give loans that wouldn't get paid back.

And, we now owe 700 billion dollars to the federal government to make matters better...

[clement]

The [expletive] has hit Europe today. Russia's market was down 17% before they closed it. Many banks throughout Europe are being nationalized.

It's all but a certainty now, we're heading into global economic downturn. A lot of people are going to lose their houses and jobs. Almost all because Americans decided to take out loans they couldn't afford, and lenders decided to give loans that wouldn't get paid back.

And, we now owe 700 billion more dollars to foreign countries to make matters better...

fixed.

[Arthur Dent]

[Michael]

Kevin Hassett is senior fellow at the think tank American Enterprise Institute where he directs economic policy studies. He regularly appears on Bloomberg Television. He advised President Bush in his campaign, and he currently serves as a senior economic adviser to the John McCain 2008 presidential campaign.

http://en.wikipedia.org/wiki/Kevin_Hassett

[Hungary Jack]

The [expletive] has hit Europe today. Russia's market was down 17% before they closed it. Many banks throughout Europe are being nationalized.

It's all but a certainty now, we're heading into global economic downturn. A lot of people are going to lose their houses and jobs. Almost all because Americans decided to take out loans they couldn't afford, and lenders decided to give loans that wouldn't get paid back.

The Economist noted how European banks had lent 1.46 euros for every euro in deposits. The comparable figure for US banks is 0.96:1.