Excerpt Of The Day #2: Yet Another Warning On The Bailout Boondoggle

by John Hawkins | October 2, 2008 12:54 pm

As I write, the DJIA is down about 300 points. This is being spun as based on uncertainty that the House will pass the Senate bill. Yesterday, stocks rose, spun as being based on the likelihood that Congress would indeed pass a bailout bill. Which is it, guys?

Meanwhile, over in Europe, the European Central Bank has injected $150 billion into banks to try to increase liquidity. It hasn’t worked.” — Iain Murray At The Corner[1]