Sunday, September 14, 2008

Deep doo-doo on Wall Street

If you've got a fan, keep it out of the way of the proverbial you-know-what.

There's some serious stuff going down on Wall Street today:
  • Looks like Lehman Bros. has failed to find an angel and will be declaring bankruptcy
  • Merrill Lynch, also in danger, may be picked up by Bank of America
  • Insurance giant AIG is struggling to survive
  • There's concern that other weak financial companies may be weakened further by short selling by hedge funds

There are real risks to the American economy... and our future.

Let's all talk some more about lipstick on a pig.

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