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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Tuesday, February 24, 2009

Obama to talk Tuesday at 9pm

On Tuesday the stock market may get a "Time out" as it waits for Obama to talk to congress Tuesday at 9pm. This doesn't change the situation, but should delay the doom-and-gloom of the market decline for a day. What remains to be seen is if Obama can convince the nation there is a sunny side, and a reason for the market to rise.

The current theory is Obama may announce an ADDITIONAL spending bill of 400 Billion, ontop of the 800 billion already passed, and ontop of the trillions spent already to shore up the financial system.

And a entertaining----and TRUE---cartoon trying to quantify the money involved in the bailout bill.....
(Thanks to Lomba for sending)

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