Sad conservatives who pray every day for a terrible new 9/11-style attack on a big American city full of ethnics and gays sort of got their wish today, at least in a financial sense. The Federal Reserve has made three massive cash infusions in an attempt to stop the horrible August collapse that has already shaved some 800 points off the Dow Jones Industrial Average along with trillions of dollars of corporate and individual wealth. But the market keeps going south as one major lender after another announces that they're broke because all their rotten mortgages are failing.
Federal Reserve Buys Up All the Crap Nobody Wants
Federal Reserve Buys Up All the Crap Nobody…
Federal Reserve Buys Up All the Crap Nobody Wants
Sad conservatives who pray every day for a terrible new 9/11-style attack on a big American city full of ethnics and gays sort of got their wish today, at least in a financial sense. The Federal Reserve has made three massive cash infusions in an attempt to stop the horrible August collapse that has already shaved some 800 points off the Dow Jones Industrial Average along with trillions of dollars of corporate and individual wealth. But the market keeps going south as one major lender after another announces that they're broke because all their rotten mortgages are failing.