Tab
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Mon Sep-15-08 09:16 AM
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Lehman Bros, Merrill Lynch, and now Goldman Sachs (!) and Morgan Stanley are expected to be on the chopping block too.
Along with Bear Stearns, these are the BIG ones. We are on the edge of a major meltdown.
We can lay this at the Republican's feet, but frankly I'd rather have it not happen and be stable and let them take credit for a good economy than have the economy tank and have someone obvious to blame it on.
Goldman Sachs, in particular, has a god-like status in the financial world.
I just lost my job last Tuesday (no, I'm not in the financial sector) but all around me it seems like finances are shakier than they probably have been since the Depression.
If you have money and know what to do with it, you might make out, but the rest of us are in for a bumpy ride.
I hate to be so conspiracy minded as to think Bushco ran this into the ground so they could pick stuff up for pennies on the dollar in a fire sale. It would seem to me a dangerous way to make money. A good economy behooves them too.
Hold on to your ass, guys and gals. It's going to be quite a day/week.
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zazen
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Mon Sep-15-08 09:52 AM
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1. thanks---now I'm stuck on the Steely Dan song n/t |
cliffordu
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Mon Sep-15-08 09:54 AM
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BLACK FRIDAY
When Black Friday comes I'll stand down by the door And catch the grey men when they Dive from the fourteenth floor When Black Friday comes I'll collect everything I'm owed And before my friends find out I'll be on the road When Black Friday falls you know it's got to be Don't let it fall on me
When Black Friday comes I'll fly down to Muswellbrook Gonna strike all the big red words From my little black book Gonna do just what I please Gonna wear no socks and shoes With nothing to do but feed All the kangaroos When Black Friday comes I'll be on that hill You know I will
When Black Friday comes I'm gonna dig myself a hole Gonna lay down in it 'til I satisfy my soul Gonna let the world pass by me The Archbishop's gonna sanctify me And if he don't come across I'm gonna let it roll When Black Friday comes I'm gonna stake my claim I'll guess I'll change my name
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DU
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Fri Apr 19th 2024, 08:00 AM
Response to Original message |