A Stock drop of over one point, for every billion dollars requested(and refused)

777.68 in the decline, that was the precipitous drop of the Dow Jones index by the end of trading on Monday afternoon. Not to be left out of the fun, the TSE index itself retreated some 840.93 points, the largest drop in eight years, letting Toronto share Wall Street’s Monday Meltdown horrors with Bay Street and beyond.

The decline was spurred on by the failure of Congress to pass that 700 billion dollar bail out request from President George Bush. A political tsunami that washed over from Washington and through Wall Street, leaving the American political scene mired in acrimonious finger pointing once again, a lame duck President seemingly with no political capital left with his own party and a financial market teetering it seems on the cusp of complete panic…

(from  the blog a town called podunk, click on the link below to see the entire article atowncalledpodunk.blogspot.com/2 … 6564599533 )-