Bailout fails! Dow plummets!

Congress has finally done something right!

Dow closes down 777 points, or 7%. Biggest point drop in history.
Nasdaq closes down 199 points, or 9%
S&P 500 closes down 106 points at almost 9%, and fell as much as 15% in after hours trading.

Things look really ugly right now, but this is the medicine that the economy needs. The process of de-leveraging always hurts, but it is necessary to bring the economy back to a point where people do not have to struggle to get by. Banks are leveraged as high as 40:1, basically meaning they owe 40 times more money than they have assets. This has allowed the price of assets to far exceed their real values, and is long overdue for a correction.

http://www.stormfront.org/forum/showthread.php/bailout-fails-dow-plummets-527201.html

>>8
No.  Many companies (like Coskata, for one) are FAIRLY VALUED at the moment, and fundamentally sound.  The only thing that caused the price of their shared to dip was the Jews squalling over the failed bailout.

The companies I buy stock in are companies set to make a ton of money, somewhat independent of the rest of the economy, because they do what they do better than their competitors, and their services are going to remain in demand even if we are all poor.