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The Financial World Worsens
Sep. 16th, 2008 03:23 pmAIG Will Collapse Tomorrow Without Bail Out. Choice quotes: "If a financing solution is not reached, A.I.G. may file for bankruptcy as soon as Wednesday, a person briefed on the matter said Monday night...the company could survive only one day without the financing." Also, "a collapse of A.I.G. might surpass Lehman’s bankruptcy in terms of its damage to the financial system."
Shit. To reiterate yesterday, I'm scared.
And then I read what McCain Calls "Healthcare Reform, and I'm terrified. This is amplified by McCain's Statements on the Financial Crisis. In time honored fashion, redirect, redirect, redirect. But oh, I heart Obama: "Senator McCain offered up the oldest Washington stunt in the book – you pass the buck to a commission to study the problem. But here’s the thing – this isn’t 9/11. We know how we got into this mess. What we need now is leadership that gets us out." Read more about Obama's response.
On the dimly bright side, at least this has all gotten me finally doing something I've wanted to do for a while, namely read more about politics, the economy - become more actively engaged with current events, and prepare to speak up and speak out if I deem it necessary (read: if McCain wins this election).
Shit. To reiterate yesterday, I'm scared.
And then I read what McCain Calls "Healthcare Reform, and I'm terrified. This is amplified by McCain's Statements on the Financial Crisis. In time honored fashion, redirect, redirect, redirect. But oh, I heart Obama: "Senator McCain offered up the oldest Washington stunt in the book – you pass the buck to a commission to study the problem. But here’s the thing – this isn’t 9/11. We know how we got into this mess. What we need now is leadership that gets us out." Read more about Obama's response.
On the dimly bright side, at least this has all gotten me finally doing something I've wanted to do for a while, namely read more about politics, the economy - become more actively engaged with current events, and prepare to speak up and speak out if I deem it necessary (read: if McCain wins this election).
