Party like it's 1929
Did the economy turn into a giant pile of steaming dung just yesterday, or is this the first I’ve heard of it?
- Government Seizes Fannie Mae, Freddie Mac
- Lehman Group Files for Bankruptcy
- Merrill Lynch Is Sold to Bank of America
- Washington Mutual Credit Rating Is Cut to Junk by S&P
- Financial Russian Roulette
- “When do we run down to the bank in a mob like in ‘It’s a Wonderful Life’?"
All of this happened within a week. Seriously, what is going on here?