How deep do mortgage-backed securities go?
Good morning, party people! It’s probably not quite time to tune up the violins, Ã la the Titanic, but if we haven’t actually hit an economic iceberg, we’re in awfully cold water.
AIG has (seriously, thankfully, even for those of us without any actual “investments” or “money in the bank”) been floated a lifesaver by New York State and the Feds. And Bank of America ate Merrill Lynch. I hope it was tasty.
If you’re interested in what happened to Lehman, this is a good Google answer (link courtesy of New York Mag).
Russia has shuttered their market early two days in a row. On Tuesday, after the market dropped 11 points, Putin was confident the Russian market would recover. On Wednesday, the market dropped 6.4 percent in the first two hours and was closed before any more “recovering” could happen.
I said, hey, it’s cold in here… A near-miss for a real-life SNL moment. I’m actually not sure why Clinton wouldn’t appear in public with Palin… oh, wait… are Americans shallow? Eh, whatever. I’m over her. Please, won’t someone join me? I guess not.
Things do not look good in Galveston. Too bad we’re all busy snarking the next VP and shoving cash under our mattresses. Don’t worry, though. FEMA and Chertoff are there. Whew.
Seriously, it’s okay: In the future, we’ll all be eating superfoods, anyway! (Here’s hoping for a nutritiously-complete Bloody Mary mix.)
And, finally, the Mets are out… of first place. You’re shocked, I’m sure. LA and Chi-town are still riding high, as is Tampa Bay and, now, Philly. Tick tock, tick tock…