As Sovereign and Fifth Third crumble, will Dow have its worst tumble in history?

What you don't point out is that 94 dems voted against the bill so the headline should have read Dem and Repubs sink rescue bill

Another Liberal journalist blaming the republicans while giving Obama a free ride and not asking him the tough questions. ( think Ayers etc.)

Peter, I agree with you on NCC. Seems that it was heavy sell at opening. On the rest of the blog - forget it - you flapping your wings again.
(remember - you are not a bird - humans can't fly - but we glide with artificial ones)

The Republicans did not kill this bill - 30% or so of them voted for it. 40% of the Democrats joined them. The truth of the matter is that the people of the U.S.A. killed this bill. They inundated their Congressperson with a pile of not-so-kind- remarks indicating their displeasure. Only the brave, stupid or heavily aligned with special interest voted for it. There are many old sayings, mostly vulgar, that will be applied to the "yeas" come election day. I see the Mass contingent was not 100% behind Barney - and I bet those that want to keep their seat - distance themselves.
I have been called the harbinger of doom for two years, and today I see the first light for the people of this country. The party is over, and will not be continued at our expense. We got lucky.
Europe and the UK had a lot of banking problems over the week end and this kept the dollar/euro balance in check. The market dropped, but so did everything else, oil, corn, wheat, and all else that matters including coffee. We are seeing the first signs of economic balance. True, jobs will be lost and recovery slow, but the money retained would be better spent on a 30's type infrastructure improvement program which would put some of the construction jobs back in the positive. Moves in this direction benefit the country as a whole.
To keep this garbage can closed I would like to see some people with long history of honesty in charge. Thomas Kean was put in charge of the 911 commission because he is beyond reproach. He would be a good choice to replace the useless Cox as head of the SEC. Some honesty on Wall St. has been in order for years.
The term "honest John" refers to the 1st speaker of the house and most know who "honest Abe" was. We need to return to our roots and get some honesty back in our leadership.

Sovereign is a classic case of what HAS been going on for quite some time. Waypoint Financial executives (majority shareholders) sold out a good local bank for their own profit. Sovereign service is about as bad as it gets. But hey, the Sovereign CEO got what he wanted ($$$$)before the Spanish bank gobbled up some more. Meanwhile, we the small shareholders get stiffed..by Sovereign execs...and the government. Why did Enron not teach us anything? Because all of this was going on at the same time and the same government let it all happen.

It was not the Repubs but the Dems who defeated this Millionaire Bail-out. After all, the dems have enough to pass it w/o Repub help. Nancy cannot control her own kids.