Yesterday was a day that truly hurt millions of Americans. I am surprisingly not talking about Hurricane Ike...instead I am referring to the stock market. Yesterday was the 6Th worst day in the history of the market and there are a few large reasons. To start with, financials took a crash with Merrill Lynch being sold, Lehman Brothers completely going under, and then to cap it off talks of AIG also going under without any bailout plan. Today will bring the Federal Reserve making an announcement which we all await with great anticipation, but for now we can only hope and pray to never see another day like today...
(I will leave out the plunging of Fannie Mae and Freddie Mac...At least the government knew that they couldn't afford to loose them)
Tuesday, September 16, 2008
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