It's just an atrocious day on Wall Street and the close of trading can't come soon enough.
The US House has failed to pass the bailout bill and the Dow is down over 600 points as I type.
I realized I do have something constructive to contribute to this situation. I can recommend that you listen to the This American Life episode called The Giant Pool of Money. This show was produced in conjunction with NPR News last May. It is the most coherent explanation I've heard of the origins of the bubbles that are now popping.
Even if you have never downloaded a show before, you can just listen to it through your computer--no iPod or CD burner necessary. It is definitely worth 55 minutes of your time and attention.
I am so angry at this situation. Unlike an earthquake or tornado, this was a completely predictable disaster given that the core of our financial systems were rotting from the inside out for years.
It is definitely a Mojo Mom topic because we and our children will be paying the consequences for years, one way or the other.
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More at: News 2 Cromley
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