This article is one of the best accounts of the last two weeks of financial turbulence out there. It's written in layman's terms; if Dan Brown wrote a thriller about Wall Street, this would be it.
Times are very bad indeed, and with every new development, I am reminded that I am living and experiencing unprecedented events, while working from the Fed no less. We had a town hall meeting yesterday afternoon, to give an overview of the financial market turmoil and answer questions about how the Fed has been impacted. I decided to ask what would happen if the bailout bill didn't pass, what other magical tricks does the Fed have in its bag? The answer wasn't exactly comforting.
When I went home for the day, there was a quartercard attached to my bike, inviting me to join a protest against the Fed next week. Among other things, this group was protesting the bailout because it was "illegal" and "immoral." LMAO. Should I join in on Monday morning?
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