- the dow fell today to 8579.19, another five year low -- that's a 39% decline from its high of last year. the s & p 500 and the russell 2000 took a similar hit.
- libor remains stubbornly high, 'freezing' the credit markets. and that's in spite of the fed's recent rate cut.
- the ban on short selling -- unprecedented and a huge mistake -- is not only not working; it's having the opposite of its intended effect.
- aig apparently spent the $85 billion loan recently granted by the federal reserve, and just got back in line for nearly $38 billion more.
why is there no emerging movement to shut down fannie mae and freddie mac and get the government out of the home loan business? where is the independent investigation of these and other failing institutions that have given tons of money to the politicians who are now bailing them out?
and where's ron paul when you need him?