Tuesday, October 7, 2008

World-wide Crisis

World financial markets are in turmoil. Banks around the globe continue to experience massive selloffs of their stock. The Royal Bank of Scotland (RBS) is down nearly 40% today as I write awaiting a decision on whether or not the UK is going to infuse some much needed capital into RBS's coffers to shore up its reserves. http://www.cnbc.com/id/27062806/for/cnbc/

Based on what is going on in Europe and Asia it looks like another yo-yo plunge for investors in the US. It is hard to believe that this meltdown and the fraudulent corporate criminals and their congressional/senatorial accomplices have not received the wrath of the American populace thus far.

It's time to demand those responsible for this mess being held accountable and sent to jail, have their assets seized, and develop a plan to recompensate those they stole from. That would be a start!

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