11/2/08

Attention K-Mart Shoppers - the financial crisis resumes in earnest on Wednesday

Just read the headlines. Not the stories. Not between the lines. Just the headlines.

The preponderance of headlines, beyond a reasonable doubt, tells us that the financial crisis is broad and deep and ongoing, with no end in sight.

Exampli gratia:
Effectiveness of AIG's $143 Billion Rescue Questioned
By Carol D. Leonnig,Washington Post Staff Writer, Monday, November 3, 2008

A number of financial experts now fear that the federal government's $143 billion attempt to rescue troubled insurance giant American International Group may not work, and some argue that company shareholders and taxpayers would have been better served by a bankruptcy filing....[more to read and weep about]

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