Thursday, May 6, 2010

Panic In The Year One Zero

Dow Jones Drops 900+; Net Loss For Day = 357 Points



Some have argued that the United States should have to commit funds to a European economic assistance fund, because the circumstances that created this debt crisis was Made In The USA !!™

The Rightists who feel the United States is already insane for having spent taxpayer money to bail out pay for Little Lloyd Blankfein's masseur and car valet are righteously angry that anyone should even suggest helping the IMF to provide financial security for European countries burdened with debt.

Today, in reaction to the Greek debt crisis, European stock markets fell, the euro plunged to a value of $1.28 U.S; Gold rose to over $1,207 an ounce; and the DJIA dropped almost nearly ten per cent before recovering a bit towards the end of the trading day.

Does anyone at Rightwingnut central understand the term "financial interconnectedness" yet?


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