DOW down 492.43! Thank you, Phil Gramm! (And Bush and McCain) n/t

on the stock market.

:wtf:

In the first few seconds it took Anne Curry to say the market was down 479 points, the ticker continued slipping to 492.

Board of Lehman while it's being run into the ground.
Unfuckingbelievable.

We should never forget to mention McCan't son when discussing failed banks and the Bushes. It's another thread that weaves through both families.

this all began with him.

Nothing gets my goat worse than willfully ignorant people.
Specifically, the ignoramuses that voted for this dickhead.

<http://www.salon.com/wires/ap/business/2008/09/15/D937B23O0_sec_short_selling/index.html>

"SEC plans measures against short-selling
By MARCY GORDON Associated Press Writer

Sep 15th, 2008 | WASHINGTON -- With Wall Street engulfed in crisis, the Securities and Exchange Commission is planning measures to rein in aggressive forms of short-selling that were blamed in part for the demise of Lehman Brothers and which some fear could be turned against other vulnerable companies.

During emergency meetings between federal officials and investment bank executives over the weekend, SEC Chairman Christopher Cox indicated to the bankers that the agency plans in a few days to impose new permanent protections against abusive "naked" short-selling, a person familiar with the matter said Monday.

Unlike the SEC's temporary emergency ban this summer covering naked short-selling in 19 stocks, the new measures would apply to trading in the broader market.

-snip-

Naked short-selling occurs when sellers don't even borrow the shares before selling them, and then look to cover positions immediately after the sale.

-snip-"


Now me, I didn't survive on Wall Street. When they explained short selling to me, I said, "But that's fraud. Selling what you don't have is fraud." They could never get me to understand that short selling was not fraud.

:patriot:

Ouch!

:shrug:

many Asian Markets did not open today (last night\yesterday ???) because of some public holiday.

But they ARE gonna be opening in a while, and this should be one hell of a ripple effect to watch as it goes around the globe!

:scared:

:shrug:

How low can it go??