Things are going to get worse before they get better…Thats what someone said. So…when is the better going to happen?Very soon I hope.
Financial Apocalypse
Business Buzz Three huge financial institutions were liquidated and resold over the weekend, and thousands of bank closures are to be expected in the coming months. Yikes. I hope this doesn’t make me feel guilty for watching The Hills tonight instead of CNBC.
Peggy Wang’s Links
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James Moore: A Nation of Village Idiots
huffingtonpost.com
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Financial Crisis Should Thrill Obama
gawker.com
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Lehman Files for Bankruptcy; Merrill to Be Sold
nytimes.com
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Top 10 Biggest Chapter 11 Bankruptcies in US History. Lehman Bros at #1 with $639 billion in assets. That’s over 6 times the size of the 2nd biggest company to file bankruptcy!!
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Uh oh.
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Another McCain adviser says, “Things today just aren’t that bad.”
![[link]](http://s.buzzfeed.com/static/images/public/icons/external-link2.png)
washingtonpost.com
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Just another day in the “Mental Recession.”
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Posted On
Oct 10, 2008
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