Tag: bank failures

Tuesday Tidbits – September 30, 2008

Despite the resounding successmiserable failure … mixed emotions involving the bank bailout plan, constituents of our fine land are willing and capable of cutting through the bull:

Adieu.

The day after ‘Brown Monday’

After a chaotic weekend, Lehman filed for bankruptcy and Merrill sold itself to Bank of America. The Dow Jones Industrial Average plunged 504 points on the news (and roughly 20% of that loss occurred in the last hour or so of trading). It will forever be referred to here as “Brown Monday”. And the news is still coming.

Today we find…

Adieu.

UPDATE: Almost forgot…folks are wondering whether Blackberry subscriptions will take a hit now that Wall Street has been bludgeoned. Maybe those Blackberry addicts will go back to loving their spouses?