The situation is fluid... every day an update!

"Oy vey.

"That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, Wachovia is taken over in a deal that will have the government potentially owning 10 percent of Citigroup, a few European banks fail, the Federal Reserve and other central banks are forced to inject an additional $300 billion into the global banking system, the Dow Jones industrial average plunges 777 points, and investors everywhere rush to the safety of gold and short-term Treasury bills.

"The basic problem here is that too many people don't understand the seriousness of the situation."

Yikes! It's a good thing the Junto has STU on the case.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/29/AR2008092902762.html?hpid=topnews