wtf?

There’s nothing like getting to work early to be greeted with the total meltdown of the financial system. Lehman is bankrupt, Bank of America buys Merril, etc. What in the world is going on. Really?

Bank of America is still doing alright, that’s comforting. But it seems to me that the entire country has been in a drindling downward spiral for about a year now with no end in sight. Housing down, people defaulting on loans, not paying credit card debt, banks failing, rising inflation and unemployment. This is making the crisis of the 70s and 80s look like a joke in comparison.

I have no words beside: WTF?

Small update: While my initial bet yesterday morning was that the DOW was going to drop 1000+ points, it really “just” went down 504. But I read today that there is still potential for a total meltdown.

Honestly, what the f!@#$ where they thinking when they came up with the crap like CDOs?? “The average price of housing in the us will never drop” — sounds to me a lot like “We’ll never need more than 640k of memory”.

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