Wall Street Takes Another Dive
By jmessina
@jmessina (23)
United States
October 6, 2008 4:19pm CST
The Dow Jones plunged as much as 800 points today. European governments taking drastic measures in their own bailout plan. Looks like we are in for some real hard times.
I don't care what anyone says but we are in the middle of a recession. If this Global Crisis continues, which it looks like it will, we can be heading into a depression.
This crisis was foreseen a few years ago and like always, no one starts doing anything about it until it's too late. This $700 billion dollar bailout is not going to do a damn thing for the tax payers. It's only to bail out the rich people so they can continue to get more rich.
1 response
@BubblyIan (750)
•
6 Oct 08
Western society's pyramid scheme has finally collapsed. Borrowing money that you could never afford to pay back from people earning massive commissions for setting up the borrowing without any checks and balances - Why are people so stupid?
You should always live within your means and only borrow what you can afford to pay back.
Once again the decent law-abiding, tax-paying workers have to bail out the profligate, couldn't care less live for today hedonists.
And it will get worse before it gets better.
When will they ever learn?
