Tuesday, September 09, 2008
So much for the rally
The DJIA closed Friday at 11,221. Over the weekend, the announcement came that the government was assuming control of Fannie Mae and Freddie Mac. The DJIA opened Monday at 11,556. Today, it closed at 11,250. Nice job, Lehman Brothers. Are you going to be the next Bear Sterns? I don't know who said it first, but this whole "privatize the profits, socialize the losses" approach is really starting to suck. I'd fire them all.