10.02.2008

So Wall Street is throwing a temper tantrum and...


WASHINGTON - Desperate to avoid another market-crushing defeat, House leaders won key converts Thursday to the $700 billion financial industry bailout on the eve of a make-or-break second vote.

[From House leaders win key converts on bailout bill - Yahoo! News]

Well. OK. I don't know if that's exactly an accurate description of the situation in technical economic terms but it does sort of look that way, doesn't it?


Personally, I'd wait to see if Wall Street can hold its breath long enough to turn blue.



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