Blog of ZAY
For the past two days, we’ve witnessed one of what I would personally considered as the most hilarious jokes of the year unfolded on Wall Street. Quick quiz to those of you who are reading this: 1. If a company that has not lost a single cent ever since it went public in 1999, and …
Newsflash: The bailout has officially died in the senate as of 11:03pm, as it could not find sufficient number of votes from the Republicans to pass the legislation. Oil have down more than 2 dollars in the past hour and US Stock Futures have gone down for more than 3% tonight. There will be another …
Well, not quite, there is still hope that the senate would bring it back to live some times later this week. However, the collapse of Wachovia, the bank that could be saved if the loan programs have approved earlier, as well as the plunge of the major index around the world, clearly indicated that this …
I was really thrilled to hear that the senate has finally approved the package to save the financial world. I am not sure how much the collapse of Washington Mutual would have made those senators feel that they finally need to do some work rather than arguing all over the place to maximize their political …