The last few weeks have been crazy in many different ways. And boy oh boy, what a mess the economic system is in.
Today the Dow Jones saw the sharpest drop ever, after the bailout plan failed to make it through Congress. I was not a big fan of the plan, with its proposed massive government intervention in the market, and some say that a 'correction' would have been healthy. It's impossible to know of course, but a lot of very smart people have warned against the dire consequences of not passing such a bill. Let's hope it doesn't come to some of those scenario's. Last night Wachovia was taken over; Wachovia has its headquarters in Charlotte, NC.
Once thing is clear: neither Mr. Obama nor Mr. McCain, let along President Bush, have a strong control over their parties and their voting on this issue.