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Journal: Market Failure 1

Journal by cyphercell

I just saw on Larry King live that we lost 1.2 Trillion dollars today. That's money you and I (Mainstreet) lost by the way. Personally, I'm thoroughly confused. It seems like the 700bn deal received input from everyone in the Senate, both Republicans and Democrats. Why did it ultimately fail? The text of the deal is available on the internet, anyone care to explain?

The American public is wholeheartedly opposed to the bailout. Me I'm all for it, I don't understand how on earth this bill failed. My take on the situation is that Wachovia collapsed this morning and was purchased by Citigroup at $1/share and the American tax payer missed out on this incredible deal. Wachovia is certainly worth more in the long run than $1/share, that is why Citigroup purchased it. Instead of the tax payer getting in on "fire-sale deals", we are standing on the sidelines watching the Senate argue, all the while watching our markets fail. So, what's going on people?

User Journal

Journal: Favorite Articles

Journal by cyphercell
Lists some issues with google and search engine optimization.
Covers solutions for remote deployment on windows.
Interviewing potential managers.
Contract negotiations for employment.
Learning more about Linux.
Selecting a software license.
Article on documentation.
Article on phone support.
Leadership in open source software.
AJAX Framework and Library review.
Pointy Hairs
Professional Drupal Development, a book review.
How to join an existing OSS project.
A CIO looks at Suse Linux and others.
Linux ISOs.
OSS ticketing systems, well ticketing systems in general.
Beautiful code.
Rules of the Swarm (Swarm Intelligence - AI)

...there can be no public or private virtue unless the foundation of action is the practice of truth. - George Jacob Holyoake