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Euphoria then reality

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Uploaded by on Sep 8, 2008

Panel 1
Euphoria then reality
Dow up 3% at first
Closing up 2%
Large banks rally on relief
Housebuilders strong

Panel 2
But Fannie and Freddie fell 80%
Under $1, down from $80 a yr ago
Some small banks fell
They rely on Fannie, Freddie

Panel 3
So who's next?
Lehman Bros struggling
Must raise fresh capital
Back here, BNZ survey good
Business confidence rebounds

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  • And now the international meltdown goes into full swing.I live in California.I am now selling what investments I have left, and leaving.

  • End the fed.

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