Stocks tanked Wednesday, with the Dow losing 237 points, as more worries about Freddie Mac and Fannie Mae's ability to raise capital exacerbated credit market and corporate profit jitters.Where is their Faith in Faith Based Economics And The FREEDOM FROM FACTUALISMS!!!
The Dow Jones industrial average (INDU) lost 237 points, or 2.1%, ending at the lowest point since August 2006. The Standard & Poor's 500 (SPX) index lost 2.3% and closed at its lowest point since July 2006. The tech-heavy Nasdaq composite (COMP) lost 2.6%, ending at its lowest point since March.
Ghriskey said that rumors were circulating in the afternoon that a big mutual fund was shopping 25 million shares of Freddie Mac, underscoring the level of fear surrounding the solvency of Freddie and Fannie Mae.
[ cf Stocks slump on bank woes ]
Clearly it is time for the Department of Economic Homeland Glorious Victories Over Defeatist Rumour Mongering Terrorists to start shooting rumour mongers on the street where they are caught!!! Thus saving the very over worked court system from having to waste time worrying if there were any alledged legal safe guards, let alone any legal principles, that would need to have been vetted more vettingly by the Unitary Executive Principle!!!
All HAIL the glorious Military Victories of the New Wings Of The State who are defeating the Terrorism of Rumour Mongering And Defeatism!!! All Hail our Glorious Troops Gloriously More Victoriously Glorious on the Eastern Front where they are Crushing The Forces of Unbelief and Wicked Unamericanism!!!
Thank GOD we have RoboBushCheney!!!
They understand the importance of stopping fear mongering defeatist rumour spreaders!!!
It is what our troops on the eastern front are being ever more gloriously glorious for!!!
ARE YOU doing YOUR PART!!! To Defeat the Defeatist Rumour Mongering???