Legal Commentary

Dow Down Again

By Big Tent Democrat

Dow ends the week with another losing day.This weekend the finance chiefs for the biggest industrialized countries are meeting i Washington:

President Bush sought to reassure the American people, and by extension the markets. “My fellow citizens, we can solve this crisis, and we will,” Mr. Bush said Friday in a statement at the White House as central bankers and finance ministers from the world’s richest countries gathered for talks in Washington. The Treasury secretary, Henry M. Paulson Jr., is expected to give a news conference later tonight.

The bankers and ministers were meeting to discuss new measures, including the injection of government money into banks in return for ownership stakes. Mr. Bush was to meet with finance ministers from Britain, Italy, Germany, France, Canada and Japan on Saturday.

Bush trying to inspire confidence? Come on.

By Big Tent Democrat, speaking for me only

Full post as published by TalkLeft on October 10, 2008 (boomark / email).