Monday, September 29, 2008

3 Weeks of False Hope?

The House shot down the $700 billion Fannie and Freddie bailout and the Dow took the biggest dump since 9/11 closing 777 points lower today. Rates have stayed put for the day as investors put their money into treasuries vs. bonds. Still a waiting game to see what and if anything is done to stop the bleeding. IMO the bailout was a band-aid and we need a tourniquet, yet the amputees are going to have to live with their loss. I have been glued to Fox News and C-Span over these last few weeks and am trying to take it all in. I certainly don't have all the answers but hindsight is indeed 20/20, this clip is a must see. I will continue to remain hopeful as I too have another mortgage payment due in 2 days ; )