Friday, November 21, 2008

Stock Market reaction

Did you notice the stock market tanked again yesterday? Apparently part of the sell off was a result of the snubbing that Congress gave to the Big Three. There is a bill with parameters that have been given to the automakers so they can submit their plans and thus receive "bridge loans". Of course, these are not real bridge loans as they are used when people are selling one house and wanting to buy another. These are just basic interest loans.

Later on today, I will try to post a summary of the bill and stipulations.

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