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March 17, 2008

Be Afraid, Be Very Afraid
Posted by Michael Cohen

So last night I was stunned to see that Bear Stearns, got bought for $2 a share, which is one-tenth of the company's value just three days ago.  This is a company that was selling at $170 share a year ago.

Then I wake up this morning to news that world economic markets are in freefall.

It can't get any worse right?

Well then I click over to MSNBC and see this headline:

Bush says administration is 'on top of the situation' in dealing with the economy

Excuse me while I go and crawl into a fetal position.


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