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And Now for Some Financial News That’s Not Utterly DisastrousPosted on Feb 24, 2009
This just in: Not everything is completely awful in the financial arena. Rejoice—stocks went up a little bit! Even if it’s just because Fed Chair Ben Bernanke assured Wall Street that our nation’s banks won’t be nationalized soon, and even if the 2 percent rise happened a day after the Dow dipped to 12-year lows.
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By Jimmy, February 25 at 11:26 am #
(Unregistered commenter)
If only Bernanke would say what Wall Street really wants to hear, tax cuts for the wealthy, no restrictions on executive pay, no accountability, you’ll get the benefits and the tax payers will get the risk, then the Dow Jones will rise and we’ll get a few more dollars in whats left of our investments. Remember in 1997 the market was higher than today and things were good for my family, still no vacation, or second home but enough to go around. It’s all quarterly greed.
Report thisBy mud, February 25 at 3:08 am #
Don’t worry, Rome didn’t collapse in a day.
Report thisBy P. T., February 24 at 10:17 pm #
A rise in the stock market is bad news. That indicates Wall Street is hopeful about getting into the taxpayers’ pockets.
Report thisBy artie, February 24 at 6:27 pm #
(Unregistered commenter)
Gullible fellow Americans, please remember, Bernanke was speaking to and about his shyster, swindling friends. Without doubt, they will be wealthier than ever long before the year ends. The rest of us will likely be far worse off than now.
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