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Catty. Chatty. And Occasionally Trashy.

Aug 10
DOWn doo be doo be DOWn

sfdrasdfqw3r.jpgIt's panic at the disco around the world as global markets plummet and NY braces for round two this morning.

A bank in France (BNP) has stopped withdrawals on some of their funds because they can't value them with everybody racing to get their money. Countrywide Loans is freaking the F out because they can't unload all their bad mortgages onto the secondary market. Treasury prices are up as people look for a safe harbor in the storm.

I wonder if this bust will make the Internet bust of the 90's look like a cakewalk. Thoughts?

PinkDome at 8:47 AM
 
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