Monday, September 29, 2008

Bloodbath: The Lossification 2 The Revenge

Financial stocks, particularly regional banks, are utterly tanking right now, particularly Ohio banks. Fifth Third, National City, Key Bank, and out in California FirstFed Financial all having a really, really bad day. FDIC can process and sell these banks off, they're not large enough to pose any kind of threat to the economy.

Just, you know, my job.

[UPDATE] House GOP buried the bailout. Dow off 700 just after the vote, now off 450 or so. It's chaos.

"Now what?", the universe asked, breathlessly.

"I don't have a clue," the universe replied.

GO HOUSE REPUBLICANS! (Damn, that feels weird.)

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