Yesterday, the Stock Market fell more than 400 points.
“That’s a lot of points to lose,” observed the Mystery Woman. “How many points do they have?” She’s worried they are going to run out.
Here’s another of her imponderables: the trillions of dollars that have disappeared during this economic melt-down. “Where did the money go?” is a sensible question. Imagine that money stacked up on your desk. Can you see it? Poof. Where did it go?
Not baffled yet? Try to wrap your noggin around today’s concept of “good bank/bad bank” in the current bail-out think. To my ears, redundant.
It’s getting serious and still running full speed the wrong direction. Last week alone, more than 50,000 Americans lost their jobs. In our immediate family, two have been laid off and two more are at risk.
Nobody knows the answer. Do they?
Incredibly, the smart people in Washington continue to shovel bi-partisan money to Wall Street and to banks who hoard the money instead of lending it. Trillions have been misspent. But nobody knows for sure because there was no over-sight.
Yes, the banks and Wall Street are the very people who got us into all this trouble in the first place. Give them more money? That’s insane.
In fact, that’s the definition of insanity: doing the same thing over and over and expecting a different result. Insane.