Stock Market Down!
Ok, I’m official and total mad at people mis-managing publicly traded companies. And on top of that, the U.S. government needs to make you’re there over seeing them in a much better way. I mean come on here, how can two of the biggest players (Fannie Mae and Freddie Mac) in the mortgage business be in so much trouble. And as always, when stocks drop oil climbs to record highs. The Dow Jones industrials fell more than 250 points, which dropped it below 11,000 for the first time in two years. I honestly never thought that the Dow would trade below 11,000 ever again, but I was wrong. Treasury Secretary Henry Paulson stated, “the government’s focus is ensuring that Fannie Mae and Freddie Mac keep operating in their current form”. Which he was countering reports from some that the government would announce plans to take over both of the companies. I really can’t trust our government to maintain any order. The only time they ever open their mouth crap comes out. They need to just watch what is going on around them. Because their mistakes are costing all American’s their life savings.