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Sep 30
2008
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Maybe the sky is not falling, but the worse day of losses in the history of the NY Stock Exchange -- PLUS Global Stock exchanges falling from 5% to 9% around the world -- is as close as anyone wants to get. The ramifications of the U.S. House of Representaties Vote to defeat the Emergency Economic Stabilization Act of 2008 are being felt around the globe.
The United States is facing economic paralysis, and we don't know what to do about it. What is interesting is that the scale of the proposd solution is so large that the public reaction was -- "The tax payers shouldn't pay to bail out the





