(derekbaker)

Oops

om made a good observation tonight: You know how they turned on the Large Hadron Collider last week in Switzerland, but people are worried it will create tiny black holes that will start sucking things into them, and they'll grow larger and larger? So who would have thought that it would have started with U.S. financial firms? Stephen Hawking, please call your office.

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Today's financial news is pretty scary, and could get much scarier. It's one thing to have a Dow meltdown or a Black Monday. But when it's the actual financial firms that loan money to, fund, invest, broker, insure, collateralize, etc., all the other companies on the stock market, what happens then? Or, more to the point, what happens next?

Can someone ask John McCain if he still wants to privatize Social Security? He's pretty firmly on record for wanting to do so, but perhaps he'd like to rethink that.

Labels: economy, politics

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