Stock Market Down 777-Bail Out Does Not Pass

4:00PM, Today On Wall Street

I am not an expert on the financial markets or Wall Street.  I am, however, of the strong opinion that the fact Congress did not pass the 700 billion dollar stock and credit markets bailout is a good thing for the majority of Americans in the long haul.  With the country’s enormous debt, and the failing economy, it is clear that the economics and financial strategies in this country over the past few years has failed to say the least.  Throwing more money at it, does not seem like the prudent thing to do.  Let the stock and credit markets and financial industry transform themselves for the better, perhaps with the assistance of government but not with an out and out financial “bail out.”

Oscar Carter

Creating A World Community