Accelerating
618 ViewsVaughn’s been sending me some great links pertaining to the accelerating collapse:
Empire of Debt: The Great Unraveling Begins
Wall Street Metes Out Street Justice To Citigroup
Citigroup Writedowns May Be as Much as $13.7 Billion
MBIA, Ambac, ACA Will Take `Massive’ Losses, Egan Jones Says
Oil Rises Above $97 to a Record as North Sea Platforms Closed
U.S. Stocks Drop, Led by Merrill Lynch Shares; Citigroup Falls
Banks are braced for months of pressure
Vaughn’s comment: Wanna buy some swamp land, er, houses in Arid-zona? It seems nothing is going to rise from the ashes in Phoenix. I wish there was more to this article. I guess I’ll have to ‘Google’ for more.
Stock Market Mayhem
CIBC Pulls Plug On Its American Dream
There’s much more, but you (should) get the idea. Run, don’t walk for the exit nearest you. Please do not cause a panic.
November 7th, 2007 at 9:23 am
On an unrelated topic, Congress did approve the Internet-tax moratorium, extending it another 7 years.