(no subject)
"It was the best of times, it was the worst of times" the oh so familiar phrase we all memorized in school as the opening phrase of A Tale of Two Cities is no longer synonymous with Charles Dickens, today each and everyone of us in the states are feelings the chilling effects of the record breaking events that have flipped this country upside down.
In the past ten days capitalism as we know it has been forever changed. In the past 10 days
-The government has seized control of Fannie and FreddieMac,
- Lehman Brothers Holdings, filed for bankruptcy on Monday
- The Treasury Department will begin selling bonds for the Federal Reserve in an effort to help the central bank deal with unprecedented borrowing needs resulting from the current credit crisis.
-Late Tuesday night the Federal Reserve announced it was providing an $85 billion emergency loan to the country's largest insurance company.. thanks to the average Joe's, America's tax payers.
- Wall Street dropped 500 points on Monday, and just two days later plunged yet another catastrophic 449 points on Wednesday.
- Bank of America said Monday it will buy Merrill Lynch in a $50 billion deal
- Washington Mutual is going bankrupt..
etc
The Butterfly Effect is making is presence sending ripple waves of disaster across the country and world, in just 10 days, Maybe I had something to do with it, in the past 10 days, I quit my job at UC Irvine, started working in LA for Fuel TV and Fox Sports International, got a boyfriend, turned 21 and bought a place in Santa Monica.. WOW.. amazing to think how much can be packed in 10 days, less than two weeks, my life has dramatically changed for the better as the nation around me drastically crumbles to pieces.
Charles Dickens was right.. it really is the best and worst of times. Sure were all in a crunch here, but each and everyone of us, rich or poor, is feeling the aftershocks of the past two weeks. We all need to get through this together, realizing we cant be as much of a consumer culutre, that we can't always depend on our economic government to "do the right thing"
,,,
[will finish later]
In the past ten days capitalism as we know it has been forever changed. In the past 10 days
-The government has seized control of Fannie and FreddieMac,
- Lehman Brothers Holdings, filed for bankruptcy on Monday
- The Treasury Department will begin selling bonds for the Federal Reserve in an effort to help the central bank deal with unprecedented borrowing needs resulting from the current credit crisis.
-Late Tuesday night the Federal Reserve announced it was providing an $85 billion emergency loan to the country's largest insurance company.. thanks to the average Joe's, America's tax payers.
- Wall Street dropped 500 points on Monday, and just two days later plunged yet another catastrophic 449 points on Wednesday.
- Bank of America said Monday it will buy Merrill Lynch in a $50 billion deal
- Washington Mutual is going bankrupt..
etc
The Butterfly Effect is making is presence sending ripple waves of disaster across the country and world, in just 10 days, Maybe I had something to do with it, in the past 10 days, I quit my job at UC Irvine, started working in LA for Fuel TV and Fox Sports International, got a boyfriend, turned 21 and bought a place in Santa Monica.. WOW.. amazing to think how much can be packed in 10 days, less than two weeks, my life has dramatically changed for the better as the nation around me drastically crumbles to pieces.
Charles Dickens was right.. it really is the best and worst of times. Sure were all in a crunch here, but each and everyone of us, rich or poor, is feeling the aftershocks of the past two weeks. We all need to get through this together, realizing we cant be as much of a consumer culutre, that we can't always depend on our economic government to "do the right thing"
,,,
[will finish later]