So we have this bailout that is needed for Wall Street to survive. The only problem is that Wall Street wants the plan carved their way or no way. From the WSJ: House Republican staffers met with roughly 15 lobbyists Friday afternoon, whose message to lawmakers was clear: Don’t load the legislation up with provisions […]
And already down 340 points. Another interesting side note. The cut of the interest rate this morning is the largest cut since 1988. Must be something to do with Republican Presidents and having to cut interest rates so much.
With an hour until the opening bell things are shaping up for a bad day. Dow futures are already off 500 points. Other news: – Japan’s Nikkei stock closed 5.7% down – Hong Kong’s Hang Seng index down 8.7% – Britain’s FTSE 100 fell 0.69 percent, – Germany’s DAX index lost 2.55 percent and – […]