High stakes in D.C., NYC
President Bush will make a statement on the financial bailout at 9:35 AM EDT -- five minutes after the markets open.
Watch live here.
UPDATE: WTF? That was it? Man, all I can say is, whoever wins in November, I'm not going to miss Bush's "leadership."
UPDATE 2: So far, the Dow's dive isn't as bad as I thought it might be. It dropped something like 140 points almost immediately after the opening bell, and now it's just sort of wiggling up and down, for the moment at least.
Meanwhile, isn't it remarkable that the feds seized WaMu yesterday -- the biggest bank failure in U.S. history, by far -- and the public reaction seems to be a collective yawn? It just goes to show how crazy things have gotten.
UPDATE 3: Ambinder asks: "where will Congress get $200b to keep the FDIC afloat if more banks fail?"
Watch live here.
UPDATE: WTF? That was it? Man, all I can say is, whoever wins in November, I'm not going to miss Bush's "leadership."
UPDATE 2: So far, the Dow's dive isn't as bad as I thought it might be. It dropped something like 140 points almost immediately after the opening bell, and now it's just sort of wiggling up and down, for the moment at least.
Meanwhile, isn't it remarkable that the feds seized WaMu yesterday -- the biggest bank failure in U.S. history, by far -- and the public reaction seems to be a collective yawn? It just goes to show how crazy things have gotten.
UPDATE 3: Ambinder asks: "where will Congress get $200b to keep the FDIC afloat if more banks fail?"
posted by Brendan Loy at
9/26/2008 09:25:00 AM
