[lbo-talk] ha

Doug Henwood dhenwood at PANIX.COM
Tue Feb 10 13:17:47 PST 2009


Ha ha, Barry, Larry, and Timmy try to please the markets and look what they get!


> MARKET ALERT
> from The Wall Street Journal.
>
>
> February 10, 2009
>
> The Dow Jones Industrial Average plunged 385 points after Geithner's
> remarks on the bank bailout plan didn't provide the level of detail
> that some traders had been hoping to hear. Financial stocks led the
> broad-based selloff, as an exchange-traded fund that tracks the S&P
> 500's financial sector dropped more than 10%. Bank of America
> declined 19%. Treasury prices surged as investors flooded back into
> the relative safe haven of government dent despite an impending
> surge in the supply of government paper as the U.S. ramps up
> borrowing to fund the bailout and stimulus package.
>
> For more information, see: http://online.wsj.com/article/SB123426614168167925.html?mod=djemalertMARKET

Might as well just nationalize the fuckers.



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