Tuesday, September 30, 2008

Free fall

dow jones drop"The biggest single drop in Dow Jones history" - or something like that.

Yes, it's a crisis. There are tons of unknown effects that bad decisions on the part of bank CEOs, CIOs, CFOs and CQOs will have upon us all.

I guess I agree with those who said that our government should not bail out the mistakes of those guys. (Yes, those bad guys were predominantly men.) I hate the idea of our national debt increasing even more. And I'm ashamed, as an American, how this will negatively affect the rest of the world.

But I take comfort in the fact that God knows what's happening... "All governments have been placed in power by God." (Romans 13:1b, NLT.)


Julie Layne said...

I know it's hard to know what to believe and what not to, but I thought this was an interesting article, and seemed fairly neutral, on why the bailout could be a good thing, although the fine print is still a bit hard to understand.


Looks like you have to enter an email address to read the whole thing. I read it on someone else's blog.

Julie Layne said...

And here's another one that came my way.


Interesting stuff. What to do, what to do...

Seems like these two opposing views have certain similar goals, but which will get it done?