The Dow is down over 800 points, and the day isn’t even over. This beats last week’s all-time record of 777 points. A global credit crisis is in full swing, with versions of what just decimated Wall Street repeating itself across Europe as governments swoop in with bailouts of high-profile banks. Verily, blood is in the streets. Hm, what’s that old saw? Oh. Right. Buy when there’s blood in the streets.
A Blacker Monday
By Ben Popken October 6, 2008
- moody's blues DOJ, States To Sue Moody’s Credit Rating Agency For Role In Mortgage Meltdown
- a shadow of what's to come Trump Order Targeting Dodd-Frank Reforms Is Largely Symbolic, Still Cause For Concern
- too big to fail Federal Judge: Government Didn’t Prove MetLife Is ‘Too Big To Fail’
- the times they are a-changing Medical Debt Still Stinks, But New Credit Score Change Will Make It Hurt Your Life Less
- Not Meeting Obligations Four Years After Reaching Deal With Regulators, Six Banks Still Haven’t Fixed Foreclosure Problems