The news from last night and today of AIG's losses and the announcement of the new $30 billion bailout package have driven Wall Street to run with red ink today. The Dow is down about 200 points and with no end in sight! We are watching the lifeblood of our financial system ebb away while the government commits greater and greater taxpayer monies to try to stem the tide. It's not working! We're just throwing more good money after bad!Monday, March 2, 2009
Wall Street Runs Red With Blood
The news from last night and today of AIG's losses and the announcement of the new $30 billion bailout package have driven Wall Street to run with red ink today. The Dow is down about 200 points and with no end in sight! We are watching the lifeblood of our financial system ebb away while the government commits greater and greater taxpayer monies to try to stem the tide. It's not working! We're just throwing more good money after bad!
